Civil Transactions Law
Art. 269Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
If the subject of performance is a perishable thing or the cost of its deposit or
receivership is excessive, the debtor may with the court’s permission or, without
its permission in urgent circumstances, sell the thing at the market price or at
auction if the sale at the market price is not possible. Deposit of the proceeds
shall serve as a deposit of the thing itself.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded