Civil Transactions Law
Art. 537Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. Partners may appoint from among themselves or others a person to manage
the company’s affairs and assets on their behalf.
2. Unless agreed otherwise, if the partners do not appoint a person to manage
the company’s affairs and assets, each partner shall be deemed an agent of
the other partners in such management in order to achieve the purpose for
which the company was established without consulting with the other
partners. Each partner shall have the right to object to any act prior to
completion thereof. Partners with majority shares shall have the right to reject
an objection.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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