Commercial Companies Law

Article 322 — Article (322) Duties of the Liquidator

Part Eight: Termination of the Company's MOA · Chapter Two: Liquidation of Company and Distribution of Assets

The liquidator shall do all that is necessary to preserve the assets and rights of the Company and collect its receivables from third parties. The liquidator shall deposit the monies received into a bank for the account of the Company in liquidation immediately upon collection. However, the liquidator may not request the partners to pay the balance outstanding upon their shares other than as required for the liquidation and subject to equal treatment of the partners.

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