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Structural division: books › SECTION SIX
Article 749 — Approval by the Court of the Sale of the Business
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ The court shall verify that the business plan of the winning bidder has a reasonable prospect of assuring the viability of the business.
2/ Article 694(2) to
(4) of this Code shall apply to the sale of the business as going-concern in bankruptcy proceedings.