Companies Law
Art. 259Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
Statute of Limitations of Initiating Derivative Action
Except for cases of forgery and fraud, a derivative action may not be heard
against a liquidator upon the lapse of five years from the date on which the
company is stricken from the Commercial Register.
Part 13: Penalties
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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