Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1485

State of Kuwait · Commercial and Labour — Volume 9 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

Calling upon shareholders to pay the remaining value of the shares. Its submission to the general assembly. It does not preclude the company's board of directors from having competence over it.
Arabic original
مطالبة المساهمين بالوفاء بباقي قيمة الأسهم. رفعها للجمعية العامة. لا يمنع اختصاص مجلس إدارة الشركة به.
Original Arabic judgment citations

(الطعن ٢٧/٨٥ تجاري جلسة ١٧/٧/١٩٨٥ مج القسم الأول - المجلد الثاني ص ٢١٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 260. PDF pages: 260.

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