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Ethiopian Federal Laws
Go to Laws Index
Title:
Transfer of Doubtful Bank Debt to the Government (Amendment)
Proclamation No.:
306/2002
Jurisdiction:
Federal
Law Type:
Proclamation
Category:
Government and Public Administration
Country:
Ethiopia 🇪🇹
Format:
PDF (
Amharic and English
)
DERAL NEGARIT GAZETA OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 18 2002 . o.T mlltT 11\ CONTENTS 306/2002 Transfer of Doubtful Bank Debt to the Government 1977 f Ifli H Tf"k I F T A II hC (lootJ 10. ptj T ;JC t-A II" 2:30 306/2002 A PROCLAMA TION TO AMEND THE PROCLAMATION TOPROVIDE FOR TRANSFER OF DOUBTFUL BANK DEBT TO THE GOVERNMENT WHEREAS, it has become necessary to amend the Proclamation to prov.idefor Transfer of Doubtful Bank Debt to the Government; NOW, THEREFORE, in accordance with Article of the Constitution of the Federal Democratic Republic of Ethiopia, it is herebyproclaimed as follows: Short Title This Proclamation may be cited as the' 'Transfer of Doubtful Bank Debt to the Government Proclamation No. Amendment The Proclamation to Provide for Transfer of Doubtful 75/1993 is hereby amended as follows: and replaced by the following new Sub "Bank Debts" shall mean any principal of and interest on bank loan, not collected by banks due to expiry of the period of repayment, or insolvency of the borrower, or for any other reason and, transferred to the Government of this Proclamation and in- cludes any bank related debt transferred to public bodies by law or . - \ i
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