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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Article 141 (Cancelled) (Repealed By 22 /2004)Text Before Cancelling
Starting Date : 01/01/1971 Expiry Date : 30/06/2004

Where the debtor is discharged from liability to any of the consolidating creditors for a reason other than payment, its liability to the other creditors shall be discharged only to the extent of the creditor's share for which the debtor is discharged.

Where any of the consolidating creditors performs an act that may cause damage to the other creditors, such act shall not be effective against such other creditors.

6/30/2004

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