Civil Transactions Law
Art. 204Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. An obligation shall be subject to a term if its enforcement or extinction is
dependent upon a future and certain event.
2. An obligation that is subject to a term shall only be enforceable on its maturity
date. The creditor may, prior to such date, take any measure necessary to
safeguard his right, including demanding a security if he has reasonable
grounds to believe the debtor may become insolvent.
3. An obligation shall be extinguished upon the expiration of the resolutory term
without any retroactive effect.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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