What is the legal basis for the liability of the manager of a Limited Liability Company for the company's debts towards third parties?
Legal Answer
Radiif AI Legal Assistant
⚡ Quick Answer:
The liability of the manager of a Limited Liability Company is for compensating damages incurred by third parties due to his violation of the provisions of the Companies Law or the Articles of Association, or his errors in performing his duties. This does not entail holding him directly liable for...
Legal References & Citations
Share this answer:
About Radiif
Radiif is an AI legal platform specialized in Saudi Arabian law, providing answers verified by legal references and articles.
This answer is for general legal education and is not legal advice. Please consult a licensed attorney for your specific case.
Page Stats
Do you have specific details about your case?
Ask Radiif AI Legal Assistant now and get verified answers with exact citations from Saudi law.
Do you want to consult a certified lawyer for this case?
We can suggest a list of certified lawyers with extensive expertise specifically in this domain.