Civil Transactions Law
Art. 229Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
If the creditor releases a solidary debtor, whether from the debt or from solidary
liability, the other debtors shall, in case there is an insolvent debtor among
them, have the right of recourse against such debtor to the extent of his share
in the debt of the insolvent debtor. However, if the creditor releases such debtor
from all liability related to the debt, the creditor shall bear the debtor’s share in
the debt of the insolvent debtor.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded