Commercial Companies Law

Commercial Companies Law — Article 163

A person who deals with the company shall not be obliged to get acquainted with the authorities of the persons with whom he/she deals or to enquire whether the act or action is permissible under the regulations of the company as long as it is within the scope of the activity carried out by it. A person shall be considered aware of the contents of any document or contract of the company or its transactions, upon the registration or publication thereof pursuant to the provisions of this Law.

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