Civil Transactions Law
Art. 542Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The creditor of a partner may demand payment of his debt from said partner’s
share of distributable profits or his share of the company’s assets after
liquidation. Said creditor may demand the sale of an adequate number of the
partner’s shares to pay his debt, provided that such sale does not cause harm
to the other partners. The other partners shall have preemptive rights to
purchase such shares.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded