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Structural division: books
Article 489 — Striking off the Commercial Register
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ When the final balance sheet has been approved, the liquidators shall cause the registration of the company to be cancelled from the commercial register.
2/ The liquidators shall be jointly and severally liable for any damage caused to shareholders or third parties due to failure to cancel the registration of the company from the commercial register.