Does the removal of a manager of a Limited Liability Company and the appointment of a replacement require a judicial ruling if such action is permissible through the company's stipulated procedures?
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Radiif AI Legal Assistant
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The removal of a manager of a Limited Liability Company and the appointment of a replacement does not require a judicial ruling if the partners are able to complete this themselves in accordance with the company's stipulated procedures, especially after fulfilling the requirements for the transfer of ownership interests or...
Legal References & Citations
المادة الخامسة والستون بعد المائة من نظام الشركات الصادر بالمرسوم الملكي رقم (م/3) وتاريخ 28/ 1/ 1437هـ
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