Commercial Companies Law

Article 308 — Article (308) Losses of Limited Liability Company

Part Eight: Termination of the Company's MOA · Chapter One: Reasons for Termination of Companies

1. If the losses of a Limited Liability Company reach 50% of the Capital, the managers thereof shall put the matter of dissolution before the partners at a General Assembly. A dissolution resolution shall be passed by the majority necessary to amend the MOA of the Company. 2. If losses reach 75% of the Capital, partners holding 25% of the Capital may call for dissolution of the Company.

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