Civil Transactions Law
Art. 590Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
If a liquidation proceeding is initiated against a debtor in accordance with legal
provisions and the creditor fails to demand payment of his debt under such
proceeding, his right of recourse against the surety shall be forfeited to the
extent of what he could have recovered had he demanded payment of the debt
by the debtor.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded