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20 October 2020

03 Rabee' Al-Awwal 1442

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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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2. Multiple copies and misrepresentation

355 Article

PN can be frequently copied in copies corresponding to each other , each should be numbered on its body, otherwise each copy shall be considered as separate PN.

Each holder of a PN whereby not mentioned that its single (i.e. the PN), may ask for copies of the same at his own expense. To verify that, he has to revert to the endorsing person who has to help him also in reverting to the previous endorser.. This will continue until reaching the drawer. Further, each endorser has to affix his endorsement on the new copies.

356 Article

Fulfilment of a PN under a copy of the same will result in acquittal (frees liability), even if such copy does not notify that such fulfilment shall render other copies as void. However, the drawee shall continue to be responsible for fulfilment according to any copy (acceptable by him) not recovered...

The endorser who endorsed copies of PN to different people and also the following endorsers; are committed to fulfilment under to the unrecovered copies bearing their signatures.

357 Article

Any one sending a copy of the PN for acceptance has to clarify on the other copies the name of the person holding said copy of PN, the later should deliver it to the legal holder. In case of refusing its delivery; the holder shall have no right to recourse unless he confirms through Protesto that: 1- He did not receive the copy sent for acceptance in spite of his request for the same. 2- Acceptance or fulfilment has not been done under any another copy.

358 Article

Copy of PN should include name of the holder of the original who has to deliver the original to the legal holder of the copy and in case holder of the original copy refused to deliver it to him, holder of the copy shall not have the right to recourse to the substitute endorser or guarantor unless confirmed by protesto that the original was not given to him upon his request.

In case of writing on the original copy- after the last endorsing that took place before making the copy- that as of this time endorsing can take place only on the copy, and then any endorsing written on the original shall be considered as void.

359 Article

In case of any alteration in the body (text) of the PN, all the following signers to such alteration shall have to commit to it, while previous signers shall abide by the original body.