Commercial Companies Law

Commercial Companies Law — Article 249

If any shareholder intends to dispose of all or some of his/her shares to a person who is not a shareholder, he/she shall send a written notice to the manager of the company, together with a number of copies equal to the number of the shareholders of the company and he/she shall specify in such notice the number of the shares he/she intends to dispose of, the name, nationality and address of the person to whom the disposal is intended to be effected and the terms of the disposal.

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