Civil Transactions Law
Art. 262Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
A person who pays to the creditor the debt of another person shall subrogate
the creditor in the following cases:
a) If he is obligated to pay the debt along with or on behalf of the debtor.
b) If he is a creditor and he pays a debt to another creditor who has priority over
him due to an in-kind security, even if he holds no security.
c) If a legal provision grants him the right of subrogation.
d) If he and the creditor agree, whether at the time of payment or prior thereto,
that he subrogates the creditor, even if the debtor objects thereto.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded