Commercial Companies Law

Article 324 — Article (324) Notice of Liquidation to Creditors

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

All debts of the Company shall become immediately payable upon its dissolution. The liquidator shall notify all the creditors by registered letter with acknowledgment of receipt of the commencement of the liquidation, inviting the creditors to present their claims. The notice shall be published in two local daily newspapers, one of which is published in Arabic. The notice of liquidation shall in all cases give creditors at least 30 days of the date of the notice to present their claims.

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