UAE Civil Transactions Law

Article 630

Book Two: Nominate Contracts · Section One: Contracts of Transfer of Ownership · Chapter Five: Company Contract · Part One: General Provisions · Seventh: Liquidation and Division of the Company

The authority of the managers shall terminate upon the dissolution of the company, and they may not undertake any new act related to the company; otherwise, whoever participates in such act shall be personally and jointly liable with the participating managers, as the case may be.

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