Companies Law
Art. 250Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. A liquidator shall be removed in the same manner in which he was appointed.
In all cases, the competent judicial authority may, upon a petition filed by any
of the company’s partners, shareholders, or creditors based on acceptable
grounds, order his removal.
2. The decision or judgment to remove a liquidator shall appoint a replacement
and determine his powers and remuneration.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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