The contract or other agreement granting a hypothec shall be of no effect unless it is made in writing.
Civil Code
2015 English source edition · Current applicability not established.
This is the 2015 English-language edition attributed in its front matter to the Ministry of Justice. Eri Atlas has not independently verified the translation, later changes, or whether the text is currently in force. Nine passages are incomplete in the available scan and are identified where they occur.
Article 2540
Instrument Granting Hypothec · Preserved transcription; page attribution imported from the source collection. Verify against the original.
It shall be of no effect unless it specifies the amount of the obligation secured or, when this amount has not yet been determined, the maximum amount for which recourse may be taken against the hypothec.
In the instrument creating hypothec the hypothecary creditor must elect domicile in Eritrea.