Civil Transactions Law
Art. 258Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
If the obligee does not discharge the assignor from liability, all the agreed-upon
securities shall be retained; if, however, the obligee discharges the assignor
from liability, the securities provided by others shall not be retained, and
solidary debtors shall remain liable after deducting the assignor’s share from
the debt.
Chapter 5: Extinguishment of Obligation
Section 1: Extinguishment by Performance
Subsection 1: Parties to the Performance
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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