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What are the cases in which a partner or manager in a limited liability company may bear personal liability for the company's obligations?

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The partner or manager bears personal liability for the company's obligations in specific cases stipulated by the Law, such as failure to include the phrase 'limited liability' or failure to state the amount of capital next to the company's name, or if the owner, in bad faith, liquidates the company,...

The partner or manager bears personal liability for the company's obligations in specific cases stipulated by the Law, such as failure to include the phrase 'limited liability' or failure to state the amount of capital next to the company's name, or if the owner, in bad faith, liquidates the company, or failed to separate the company's affairs from their personal affairs, or conducted business on behalf of the company before it acquired legal personality.
Source: Radiif.com (رديف) · Saudi Legal AI Platform

Legal References & Citations

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نظام الشركات - Article 155

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