Civil Transactions Law
Art. 539Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. The person in charge of the management of the company or the disposition
of its assets on behalf of the partners shall exercise the level of care he would
in the conduct of his own business, unless he receives a fee or a share of
the profit for his work; in such case, the care he exercises may not be less
than that of a reasonable person.
2. The person in charge of the management of the company or the disposition
of its assets on behalf of the partners may not act in a manner that causes
harm to the company or violates the powers vested in him or the purpose for
which the company was established.
Civil Transactions Law
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded