Alqanoni

Companies Law

Art. 170
Status unknownSaudi ArabiaRegulation

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

1. Without prejudice to the rights of bona fide third parties, any partner may petition the competent judicial authority to invalidate a decision issued by the general assembly of partners in violation of the provisions of this Law or the company’s articles of incorporation. Such petition may be filed only by Companies Law partners who object to said decision in writing or partners who could not object to the decision after becoming aware thereof. The invalidation of the decision by the competent judicial authority shall render it null and void for all partners. 2. A lawsuit filed for invalidation shall not be heard after the lapse of 90 days from the date the decision referred to in paragraph (1) of this Article is issued. 3. To file the lawsuit referred to in paragraph (1) of this Article, the plaintiff must be a partner in the company upon filing the lawsuit and throughout its proceedings.

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

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