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Article (97): Submitting a Provisional Account for Liquidation Proceedings

1)

The liquidator shall submit to the general assembly, every (6) six months, a provisional account for the liquidation proceedings, and shall provide the information or data requested by shareholders on the liquidation status, and shall complete his mission within the period specified for the liquidation in his appointment decision. If no period is specified, each shareholder may refer the matter to the competent court to specify the liquidation period.

2)

The liquidation period may be extended only by a decision of the general assembly after reviewing a report by the liquidator stating the reasons why the liquidation failed to complete timely. If the period of liquidation is specified by the court, it may be extended only with leave from the court.