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Structural division: books › CHAPTER TWO
Article 573 — Effective Date of the Merger or Division
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
Merger or division shall be effective:
1/ Starting on the date of entry into the commercial register of the new business organization created as the result of the merger or the new business organizations created owing to the division.
2/ Itwillbe effective on the date of entry of the amendments to the memorandum of association of the pre-existing business organization into the commercial register, if the merger or division results from a course of action other than those indicated under Sub-Article
(1) of this Article.