Civil Transactions Law
Art. 249Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. An assignment of debt shall take effect if there is an agreement between the
assignor and the assignee, and shall not be enforceable against the creditor,
unless he accepts it.
2. If the creditor does not accept the assignment, the assignee shall be liable
Civil Transactions Law
to the assignor for the performance of the obligation to the creditor, unless
agreed otherwise or the circumstances indicate that the enforcement of the
assignment is conditional upon the creditor’s acceptance.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded