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(b) any residue wlhlich they've acquired over such quantity within the prior distribution shall be withheld from the amoullit of their secured dividend and allocated to the property not topic to security. (2) Any such objection shall not suspend any distribution ordered by the commissioner.

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(b) any residue wlhlich they’ve acquired over such quantity within the prior distribution shall be withheld from the amoullit of their secured dividend and allocated to the property not topic to security. (2) Any such objection shall not suspend any distribution ordered by the commissioner.

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insured shall be entitled to reduced premiUms however he shall retain all premiums paid previous to the reduction. (1) Notwithstanding any provision on the contrary, the coverage shall con- tinue with the heirs where the beneficiary dies. ( 4) The provisions of this Article shall not apply to life insurance coverage. (6) The provisions of this Article shall not apply to life insurance coverage.

(1) The liquidators shall pay the collectors of the partnership, where ne- cessary calling upon the partners for contributions. (1) Unless otherwise ~vided in the partnership settlement or by regulation,

(2) Without prejudice to the provisions of worldwide conventions, such cow,t shall have jurisdiction notwithstanding 1hatk ! Head office is overseas and a overseas court has exercised chapter jurisdiotion. ( 1) All business enterprise organisations, other rtha.n a joitnt veiliture, could additionally be adjudged bankrupt or he granted a scheme of /ll11’UDgemeIlil.

direction of any civil case originating from a declare brought by the injured party. The insurer who insured a legal responsibility for damages shall not pay compensation till a cliam is made in opposition to the insured individual with a view to amicable

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he deemed to have been made for th.e honour of tihe drawer. (4) The particular person intervening is bound to provide, inside two working days, ~otrice of his intervention to l1he celebration for’ whose honour he has intervened. In default, he ~\lall be li’llhle for the injury, if any, due

  • have been positioned on the cheque previous to the protest or equal dec.
  • carry on in the same huilding a trade similar to the trade carried on
  • T,he named banker may have the oheque collected by an-
  • The views do fine art, so the lover doesn’ more time have to.
  • the administration of the company from the end of the last monetary yr

deemed to he a dealer and t.be owner or lessor of the business shall not he rregarded as a dealer. A business is an inoorporea1 movable consisting of all mova\»141 property m.-ou,ht tog~her and organised for the p.urpoee of oarry~ng out any of the

(4) The words “eiglht days” or “fifteen days” shall indiC8lte not one OIl’ two weeks but an aetuall period of .t or fifteen days. (2) His enterprise shall he legitimate even when tihe legal responsibility which he has guaranteed is inoperative for any reason other than defect of kind.

capital. (2) The register shall comprise the names and addresses of shareholders, the number and numeration of the shares, the amount paid up and the date of entry of the shareholder within the register. (1) shall not be paid over to the legal

among the many partners. (2) He shall have a declare to the value of his contribution as accepted in the partnership’s accounts.

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insured individual. ( 1) The insurer who has paid the agreed compensation shall substitute himself to the extent of the amount paid by him for the beneficiary for the purpose of claiming against third parties who triggered the injury. The situations on which bodily individuals or business organisations may

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persons appearing on their behalf and is authenticated. (I) A non-public limited company could havc a firm-name which may indicate the character of its business. (I) A personal limited firm is a cOlllpany whose member~ are liable only

Tions that are solely contingent at the time of setting up of the pledge. (1) Where the yield on low cost of oommeroial instru.Iwmts ! Has been entered

mme shall not share in any distribution bUit they may lodge an objec- tion till final distrilmtion of the residue and ehall bear the prices aris- ing OUt of such objection. ( three ) Instead of o~rating the enterprise himself, rtlhe trustee could he aulihorised

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go away his shares to the heir he needs. (1) Unless in any other case provided within the articles of affiliation, the shares of a deceased member devolve upon his heirs. (1) Unless otherwise provided within the articles of association, there shall he no

Nothing on this Code shall affect the pl’Ovisions of particular prohibiting, or subjecting to particular situations, the exercise of sure activities by firms by which forcign pursuits are represented. ( 2) Such corporations shall publish the n8Dles of persons representing them per- manently in Ethiopia, and shan furnish their signatures.

On high of this, the justification that it brings extra jobs and the truth that the government earns cash from taxing the franchises appears to encourage and facilitate it in our country. However, the results lay hidden and are solely really revealed under a

After adjudication, all legal proceedings shall be instituted and all ap- plications for execution be made by or’ in opposition to the trustees. The bankrupt

deemed to the registered baggage. (2) Objects which a passenger is allowed to carry with him and which are not registered by the provider shall be deemed to be hand-baggage. Dehentul’es of holders who so require, not later than three months from the date of publication of the deed.

cancelled on the applying of any fascinated party and all premiums paid shall be refunded. (3) Creditors showing within the company’s books or who’re in any other case recognized shall he notified by registered letter. Notice to other creditors shall be

meeting. (3) An improve of capital hy increasing the par value of shares may solely he effected beneath Art. 425 (2) where such increase just isn’t paid up by capitalisation of reserves or other funds.

or if they’ve been revalued at their revaluation. (2) Unless customary or otherwise agreed, the proposed contract shall not turn into effective until it is confirmed by both parties. (1) Unless customary or in any other case agreed, a commercial broker shall, the place the events have agreed to enter right into a contract, inform each events of the phrases of the proposed contract.