Law No. 5 of 2002, promulgating the Law of Commercial Companies

طباعة
 


Article 83
Starting Date: 02/10/2002

 Where the company is not incorporated, the founders shall be jointly liable for refunding the subscribers the paid-up value of shares during a maximum period of one week from the date specified for closing the subscription pursuant to the provisions of the foregoing Article. The founders shall also be jointly liable for reimbursement of such funds and expenses incurred during the incorporation of the company. The founders shall be jointly liable before third parties for operations and transactions thereby during the incorporation period

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