Commercial Companies Law

Commercial Companies Law — Article 250

The manager of the company shall promptly confirm to the shareholder who intends to dispose of his/her shares, the receipt of the notice and the date of such receipt, and shall promptly send a copy thereof to each shareholder of the company at his/her address entered in the shareholders’ register and advise him/her in writing of his/her pre-emptive right against non-shareholders to purchase the offered shares and of the terms set forth in the notice.

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