The powers of all those who are entrusted with the management of the company shall cease from the date of its dissolution and anyone who performs work or an act in the name of the company, shall become liable from such date for the consequences and obligations resulting from the work or act, out of his/her personal property. If the work or act is performed by more than one person, they shall be jointly liable for such consequences or obligations. However, the managers or the board of directors shall continue to perform their functions and shall be responsible as trustees of the company’s assets until a liquidator thereof is appointed and assumes his/her duties.
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.