Civil Transactions Law
Art. 543Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. Subject to the provisions of Article 91 of this Law, if the activities of a
company result in a debt related to its purpose and the company’s assets
are not sufficient to pay the debt, the partners shall be liable for the payment
of such debt from their own funds, each in proportion to his share in the
company.
2. The company contract shall not entail joint and several liability, unless the
parties agree otherwise.
Subsection 3: Termination of Company Contract
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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