Civil Transactions Law
Art. 221Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
If a partner collects his share in a solidary debt and then disposes of it, the other
partners shall have the right of recourse against said partner for their share in
the collected debt. If said share is destroyed while in the possession of the
collecting partner through no fault of his own, he shall not be required to
compensate the partners for their shares therein; in such case, he shall be
deemed to have received his full share of the debt, and the remainder of the
debt shall be due to the other partners.
Subsection 3: Solidary Liability among Debtors
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded