Commercial Companies Law

Commercial Companies Law — Article 187

The membership of any person who is elected in violation of the provisions regulating the membership of the board of directors, shall be invalid from the date of his/her election. Such person shall be liable for any damage sustained by the company as a result of such invalid election. The resolutions which the member participated in voting thereon after his/her election in violation of the provisions regulating the election, shall be invalid unless such resolutions were passed by a percentage of the votes required for their validity without counting the vote of such member.

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