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Abstract:
This study will be based on the
analytical descriptive research method for the provisions of the Jordanian
Companies Law and its amendments No. (22) Of 1997 (“Companies Law”), with the
use of some Jordanian and Arab legislation and judicial decisions related to
this subject when available and when necessary. The
Jordanian Companies Law was subject to several amendments and additions.
However, the legislations and laws are man-made and therefore they are not Holy
Scriptures and can’t be free from loopholes and legislative gaps that call for
research and investigation to promote them to a better and higher level. And
under this regard, the Jordanian legislator did not include any article in any
legislation regarding the shareholders liability for debt that appears on the
Limited Liability Company (“LLC”) after liquidation and dissolution in respect
of the stock corporations as an example, which is a legislative deficit that I
have decided to, investigate and base my this article on.
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