Civil Transactions Law
Art. 530Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. The contribution of a partner, or part thereof, may not be in the form of
influence, reputation, or creditworthiness.
2. If a partner’s contribution is not in the form of cash, the value of his
contribution shall be determined based on its value at the time of concluding
the contract or on the basis of valid assessment criteria agreed upon by the
partners.
3. If a partner's contribution is in the form of a debt owed by a third party, the
partner’s obligation to provide such contribution may not be extinguished,
unless such debt is collected and delivered to the partners.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded