The liquidator must take all the necessary actions for recovering any rights of the company with third parties and deposit in the account of the company under liquidation the amounts received in its name, in one of the banks, within a period of one day at most from the time of receiving such amounts. The liquidator shall not release any security or guarantee or accept any security for the company for less than its current value. The liquidator shall not sell the company’s assets and projects altogether, except after obtaining the approval of the partners or the shareholders, if the liquidation is voluntary, or the approval of the competent court if the liquidation is compulsory, unless the resolution or the judgement issued for appointment of the liquidator provides for permissibility of their sale altogether.
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.