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Article (7)

Except for Associations in Participation, the managers or board members shall publish the company's Memorandum of Association and subsequent amendments thereto according to the provisions of this law; otherwise, the Memorandum of Association shall not take effect towards third parties. If failure to make publication applies only to one particular or more of the Memorandum of Association, only such particulars shall not take effect towards third parties.

The company's managers or board members shall jointly be liable for any damages sustained by the company, partners or third parties as a result of non-registration.

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