Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1503

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

English translation of the principle

Shareholders who subscribed for the company’s shares are considered members thereof and enjoy the same rights as its members who signed its memorandum of association. The implication thereof. Their entitlement to receive the profits resolved to be distributed to shareholders. Articles/13, 131, Law 15 of 1960. - 262 - Commercial
Arabic original
المساهمون الذين اكتتبوا بأسهم الشركة يعتبرون أعضاء فيها ويتمتعون بذات حقوق أعضائها الموقعين على عقد تأسيسها. مؤدى ذلك. استحقاقهم قبض الأرباح التي يتقرر توزيعها على المساهمين. م/١٣، ١٣١ ق ١٥ لسنة ١٩٦٠. - ٢٦٢ - تجاري
Original Arabic judgment citations

(الطعنان ٢٠، ٢١/٢٠٠٢ تجاري جلسة ٢٦/١١/٢٠٠٥ مج القسم الخامس - المجلد الثامن ص ٨٩)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 262. PDF pages: 262.

Ask the assistant about this principle

Guidance based on the principle and its source details, separate from the original collection text.

Related principles

Continue your case in the legal workspace

Open legal workspace