Civil Transactions Law
Art. 545Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. If the term of a company is not specified, a partner may withdraw therefrom
at any time, provided that he notifies, in writing, all the partners of his
intention to withdraw within a reasonable period and provided that his
withdrawal is not an act of fraud or made at an inappropriate time.
2. If the term of a company is specified, a partner may not withdraw from the
company prior to the expiration of such term. The court may, upon the
partner’s petition and provision of acceptable justification, remove him from
the company, provided that he compensates the partners for any harm they
sustain as a result thereof.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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