Company Act Article 69Aug. 1, 2018

The settlement of account of a retiring shareholder shall be based on the financial condition of the company at the time of his withdrawal.

The contribution of the retiring shareholder shall, whatever the nature of his contribution, be repaid in cash.

If, at the time of withdrawal, certain affairs of the company have not yet been concluded, then allocation of a retiring shareholder's share of profit and loss shall only be made after the due conclusion of such affairs.

Same Article Laws

Other Related Laws

Corporate Consulting