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Structural division: books › CHAPTER ONE
Article 562 — Right to Sell-Out
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ When a parent company owns directly or indirectly more than ninety percent of the shares with voting rights in a subsidiary, the other shareholders may request that their shares be purchased by the parent company.
2/ The shareholders of a subsidiary can request in court that the parent company or another person designated by it purchase their shares.
3/ The provisions of Article 292 Sub-Article
(2) to
(5) shall apply to the sell-out necessary changes having been made.