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Structural division: books
Article 534 — Definition
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ a one member private limited company is a business organization incorporated by the unilateral declaration of a single person.
2/ The Company has its own legal personality separate and distinct from that of the member.
3/ the member shall not be personally liable for debts due by the company in so far as he has fully made his contribution.
