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Structural division: books › SECTION THREE
Article 731 — Property not Subject to Affixing of Seals
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ The court may, on the application of the trustee in bankruptcy, dispense him with affixing, or authorize him to remove seals on the property specified hereinafter:
a) in case of the bankruptcy of a sole proprietor, such basic personal movable property and chattels needed by the debtor and his family as have been set out in a list;
b) property necessary for the continued operation of the business or undertaking, where such continuation of operations has been authorized.
2/ All property specified in Sub-Article
(1) of this Article shall be listed and valued by the trustee in bankruptcy, in the presence of the appropriate authorities who shall sign the list.