Commercial Companies Law

Article 23 — Article (23) Liability of Company for Acts of its Authorized Manager

Part One: General Provisions on Companies · Chapter Two: Incorporation and Management of Company

The Company shall be bound by any act or thing carried out by the person authorized to manage the Company in the ordinary course of such management. The Company shall also be bound by any act of any of its employees or agents who are authorized to act on behalf of the Company, where such authority has been relied on by a third party dealing with the Company.

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