Alqanoni

Civil Transactions Law

Art. 548
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

If a company continues to exist among the partners except for one partner, said partner’s share in the company shall be valued as of the time the grounds for termination of his partnership occurred; said partner or his heirs shall be paid in cash, unless agreed otherwise.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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