Commercial Companies Law

Commercial Companies Law — Article 135

The ownership of the funds deposited in the fund mentioned in Article 134 of this Law shall vest in the Concerned Body after the lapse of fifteen (15) years from the date of the deposit, if such funds have not been collected by the persons who are entitled to receive them after they have been officially notified and publication of the notice in two issues of two daily newspapers at least one year prior to the lapse of the aforementioned period, and such funds shall be allocated for charitable works.

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