A bona fide third party may claim the validity of the act or action against the company even if it exceeds the authority of the person who preformed it or the procedures prescribed by law have not been followed with respect to it. He/she shall also be entitled to claim the validity of the act or action, even if the person who has performed it on behalf of the company was improperly elected or appointed. A third party shall not be considered bona fide if he/she knew or could have known the aspects of deficiency or defect mentioned in the preceding paragraph.
This site currently publishes a verified part of the instrument; the remaining provisions continue to exist and apply independently of their absence from this corpus. Interpretation and application must be checked against the official Arabic text and the current version.