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08 March 2021

25 Rajab 1442

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Law no (22) of 2004 Regarding Promulgating the Civil Code

Law Summary Record Type: LawNumber: 22Date: 30/06/2004 Corresponding to 13/05/1425 HijriNumber of Articles: 1188Status: In force

Official Gazette :Issue: 11Offcial Journal Issue Publication Date: 08/08/2004 Corresponding to 22/06/1425 HijriPage from: 364

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Taking Inventory of the Estate

981 Article

As of the time of entry of the order appointing a liquidator, the creditors may not take any action against the estate and may not continue with any action taken, other than against the liquidator.
On demand by any of the concerned parties, any distribution opened against the testator but not yet finally closed shall be stopped until all the debts of the estate have been settled.

An heir may not, prior to receipt of the certificate of succession as provided by Article 999 herein, dispose of the assets of the estate and may not collect the debts due to the estate or set off his own debt with the debt of the estate.

983 Article

During the liquidation process, the liquidator shall take such precautions as required for the assets of the estate and for management acts. The liquidator shall also represent the estate in legal proceedings and collect any outstanding debts of the estate.
Unless paid for his work, the liquidator shall be responsible as a paid agent. The court may that demand such liquidator account for his management on specific dates.

984 Article

The liquidator shall notify the creditors and debtors of the estate, inviting them to provide a statement of their rights and obligations, within two months from the date of final publication of such notice.
Such notice shall be posted on the bulletin board of the court in whose jurisdiction the last domicile of the testator was and of the court in whose jurisdiction area the assets of the estate are located, either in whole or in part, and shall also be published in a daily newspaper.

985 Article

The liquidator shall, within three months of his appointment, file with the clerk's office of the court a statement of the rights and liabilities of the estate, including a valuation thereof. The liquidator shall, by registered letter, also notify every concerned party of such filing within such period. The liquidator may request the court to extend such period if circumstances warrant such as extension.

986 Article

The liquidator may appoint an expert or a person with special knowledge to assist him in the inventory and the assessment of the value of the estate.
The liquidator shall confirm such rights and debts as revealed by the papers of the testator and the public registers and by any other means whatsoever. The heirs shall notify the liquidator of any information about the rights and debts of the estate.

987 Article

Any person, including an heir, who fraudulently seizes part of the estate, shall be punished by the penalty for breach of trust.

988 Article

Any dispute on the validity of the inventory, particularly in connection with the omission of any real property or rights or obligations of the estate, or the failure to confirm the foregoing, shall be referred to the court on demand by any concerned party within thirty (30) days of the date of the notice of filing the inventory list with the court.

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