Civil Transactions Law
Art. 592Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. If the surety demands discussion, he shall, at his own expense, inform the
creditor of the property owned by the debtor which is sufficient to satisfy the
entire debt. This shall not include property located outside the Kingdom or
property subject to a dispute.
2. In cases in which the surety informs the creditor of the debtor’s property, the
creditor shall be liable to the surety for the debtor’s insolvency which results
from the creditor’s failure to take the necessary measures in a timely manner.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded