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Can a partner's exit agreement from a company be proven solely by a cheque without other written documents?

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A cheque alone is not sufficient to prove a partner's exit agreement from a company and the sale of shares therein, unless the written statutory procedures for amending the company's Articles of Association are completed.

A cheque alone is not sufficient to prove a partner's exit agreement from a company and the sale of shares therein, unless the written statutory procedures for amending the company's Articles of Association are completed.
Source: Radiif.com (رديف) · Saudi Legal AI Platform

Legal References & Citations

1
نظام الشركات - Article 12

يلتزم المتعاقد مع الجهة الحكومية بإعطاء الأفضلية للمنتجات الوطنية عند شراء ما يحتاج إليه من مواد أو أدوات للعقد -محل التنفيذ- وفقاً للمعادلة المشار إليها في الفقرة (1) من المادة (الحادية عشرة) من اللا...

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