Al Meezan - Qatary Legal Portal | Legislations | Law No. 3 of 1984 Regulating the Sponsorship of Residence and Departure of Foreigners (Repealed)

21 June 2021

12 Thul-Qi'dah 1442

Law Summary Record Type: LawNumber: 3Date: 13/06/1984 Corresponding to 15/09/1404 HijriNumber of Articles: 25Status: Canceled

Official Gazette :Issue: 6Offcial Journal Issue Publication Date: 01/01/1984 Corresponding to 28/03/1404 HijriPage from: 539

Section Name

Part 4: The Expiration of the Guarantee

21 Article

Sponsorship shall expire either by the abatement of the principal obligation for any reason whatsoever, or automatically upon termination of the period of the sponsorship.

Without prejudice to the provisions of the previous Article:

The sponsor shall be discharged to the extent that collateral or securities allocated for the payment of a debt are lost by a creditor through his own fault, even where such collateral or securities were determined after sponsorship. The value of the lost security or collateral shall be the value of the amount with which he was indebted.
The sponsor shall be discharged where the creditor fails to claim the due debt from the sponsor within one month after the sponsor notifies the creditor to institute his claim. Notification shall be by registered letter with acknowledgment of receipt.
The sponsor shall be discharged from the commitments for which there is no claim within one month from the date on which the sponsor declares that the foreign debtor shall leave the state and invites the creditors to submit their claims. Such declaration shall be published in two daily newspapers twice a week for two weeks, and the prescription period shall be calculated from the date of the last declaration.

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