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Structural division: books › CHAPTER TWO
Article 572 — Publicizing the Plan
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ The merger or division plan shall be publicized via a newspaper having a nationwide circulation once a month for two months starting from the date on which the plan is approved by the general meeting. The notice must, likewise, be posted at the head office of the business organization undergoing merger or division.
2/ The notice indicated under Sub-Article
(1) of this Article must also be posted on the website of the business organization undergoing merger or division, in so far as the organization happens to have a website.
3/ The notice publicized pursuant to Sub-Articles
(1) and
(2) of this Article shall indicate where and how the merger or division plan, he report drawn up by an impartial expert and the report prepared by the board of directors or, as the case may be, by the general manager can be found. It shall also indicate the deadline within which creditors may raise their objections.