Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 665

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

English translation of the principle

The company's demand that shareholders pay the outstanding value of their shares during its existence and before its termination. How: it may recover its right itself by offering the shares for sale at public auction or on the stock exchange, satisfy its right, and return the remainder of the price to the shareholder. Art. 104, Companies Law. When the company may have recourse against the shareholder's personal assets. - Securities:-
Arabic original
مطالبة الشركة المساهمين بما تبقى في ذمتهم من قيمة أسهمهم حال حياتها وعدم انقضائها. كيفيته: لها اقتضاء حقها بنفسها بعرض الأسهم للبيع في مزاد علني أو بالبورصة وتستوفي حقها وترد ما تبقى من الثمن إلى المساهم. م ١٠٤ ق الشركات. متى ترجع الشركة على المساهم في أمواله الخاصة. - أوراق مالية:-
Original Arabic judgment citations

(الطعن ٥٥/٩٩ تجاري جلسة ١٥/١١/١٩٩٩ مج القسم الرابع - المجلد الثاني ص ٧٤٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 128. PDF pages: 128.

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