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Structural division: books › party › CHAPTER EIGHT › SECTION TWO
Article 467 — Rights of Creditors
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
Where the claim of a creditor holding rights prior to the adoption of a resolution by an extraordinary general meeting to reduce capital is not paid or such creditor is not given adequate guarantees for the payment of his claim, he may oppose the adoption of a resolution in Article 466 of this Code or any distribution of profits until the capital is restored to the amount existing at the time when the claim originated.