المملكة: A final ruling confirms the ownership of 500 shares by an heir in a commercial company by force of law

Issued A lawsuit filed by the citizen to claim his legal right to the share of his deceased heir, who owned 2,000 shares of the company’s capital, supporting his legal position with a deed of heirs and the company’s articles of incorporation, which documents the inheritor’s original ownership.

The Commercial Departmentits ruling on a solid legal and regulatory basis, as it called for the legal inheritance provisions that stipulate the division of the estate to the male, such as the share of the two females, to determine the plaintiff’s fair share of the total shares of his inheritor.

The court strengthened its decision by relying on Article 212 of the Companies Law, which explicitly stipulates that the shares of the deceased partner shall be transferred to his heirs by force of law, unless the company’s articles of incorporation stipulate otherwise, which is the exception that has not been proven. His presence in this case.

The court settled the dispute by proving the plaintiff’s ownership of 500 shares, considering that this number represents his exact legal share of the estate of his inheritor, thus closing the case file with a ruling that strengthens confidence in the commercial environment and preserves the rights of minorities in family and private companies.