Commercial Companies Law

Article 329 — Article (329) Submitting Temporary Account Statement on Liquidation

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

The liquidator shall, on a quarterly basis, submit to all the partners or to the General Assembly a temporary statement of account on liquidation activities. The liquidator shall furnish the partners with the details and information they request on the status of liquidation. The liquidator shall, within one week of their approval by the General Assembly, notify the partners within [21] days to collect their dues, based on an announcement to be published in two daily local newspapers,; one of which is published in Arabic.

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