The liability of the managing director of a limited liability company in Morocco is governed by Law No. 5/1996 on other commercial companies as amended and supplemented ("Loi sur la société en nom collectif, la société en commandite simple, la société en commandite par actions, la société à responsabilité limitée et la société en participation") – hereinafter the “Companies Act”.
The managing director is individually or jointly and severally liable to the company and third parties for violations of statutory provisions, the company's articles of association, breaches of the law and regulations applicable to the company, and for breaches of duty in the management of the company. If the company has several managing directors at the same time, the liability share of each of them is determined by the court in the event of liability.