Companies Law
Art. 254Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
If the liquidator finds at any time during the liquidation that the company’s assets
are not sufficient to pay its debts, he shall immediately notify the company’s
partners or shareholders and its creditors of such insufficiency and petition the
competent judicial authority for the initiation of any liquidation proceedings
under the Bankruptcy Law.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded