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Main Page / Legislations / Law No. 16 of 1971 issuing the Law of Civil and Commercial Articles / Subchapter I – Joint Creditors / Chapter Three: Multiple Parties to the Obligation / Article 140
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Law No. 16 of 1971 issuing the Law of Civil and Commercial Articles

Law Summary Record Type: LawNumber: 16Date: 25/08/1971 Corresponding to 04/07/1391 HijriNumber of Articles: 477Status: In force
Official Gazette :Issue: 7Offcial Journal Issue Publication Date: 01/01/1971 Corresponding to 05/11/1390 HijriPage from: 3458
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Article 140 (Cancelled) (Repealed By 22 /2004)Text Before Cancelling
Starting Date : 01/01/1971 Expiry Date : 30/06/2004

The debtor may repay the full debt to any of the consolidating creditors, unless another creditor notifies the debtor not to do so. However, consolidation shall not prevent the division of the debt among the heirs of the consolidating creditors, unless the debt is indivisible.
6/30/2004

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