■ How responsible is the manager of the company in his own money? (Sa)
■■ Courts in the State have issued rulings that established several exceptional principles regarding the responsibility of the manager in limited liability companies, based on the provisions of the law governing that matter.
Originally a limited liability company, it is responsible for the actions and actions of its manager or representative in its name within the limits of its authority, when accompanied by a statement of the capacity that it deals in accordance with its memorandum of association and activity, because of its legal personality and financial liability independent of persons and receivables of its partners and managers.
The State Courts were keen to provide special protection for the handling of checks, and not to undermine confidence in them, out of this original, and stipulated the provisions that when the issuer of the check and signed by the director of the company, this director is personally responsible in his own money before the demonstrators and the holder of the check for payment In addition to the company's liability, the manager shall not be exempted from liability unless it is proved upon denial that the company on which the check was withdrawn was in return for payment at the time of issuance.
If he fails to prove this, he is a guarantor of the fulfillment of his value to the demonstrators and the pregnant woman, which means that the legislator has established a presumable proof that the account holder is aware of the balance of the account on which the check is drawn.
The same shall apply to the partner. Whenever the check is issued, in any capacity, whether a partner, a manager or both, and given to the beneficiary, he shall be personally liable in his own money before the beneficiary or the holder of the check for payment in return, in addition to the liability of the company, unless it is proved that he is She had to pay for the check at the time of issuing the check, otherwise he was a guarantor of its value.