Commercial Companies Law

Commercial Companies Law — Article 59

The liquidator shall deposit the proceeds of liquidation which have not been received by those who are entitled thereto, in the fund which may be established for this purpose by a decision of the Concerned Body, provided that such decision shall specify the period during which such funds shall be deposited, the procedures of depositing them and the expenses required for the management of such funds which will be deducted from their value until they are paid to the persons entitled thereto. The provision of Article 135 of this Law shall apply to the aforementioned funds.

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