Article 90 of the Saudi Commercial Papers Law
المادة 90 من نظام الأوراق التجارية · الباب الثاني: السند لأمر
The Article makes the maker of a promissory note liable like the acceptor of a bill, and requires a note payable at a fixed period after sight to be presented to the maker for a dated, signed endorsement or a protest.
Official text (Arabic)
This article has not been amended since the law was issued.
يلتزم محرر السند لأمر على الوجه الذي يلتزم به قابل الكمبيالة، ويجب تقديم السند لأمر المستحق الوفاء بعد مدة معينة من الاطلاع إلى المحرر في الميعاد المنصوص عليه في المادة 22 للتأشير عليه بما يفيد الاطلاع على السند، ويجب أن يكون هذا التأشير مؤرخا وموقعا من المحرر. وتبدأ مدة الاطلاع من تاريخ التأشير المذكور. وإذا امتنع المحرر عن وضع التأشير وجب إثبات امتناعه بورقة احتجاج، ويعتبر تاريخ الاحتجاج بداية لسريان مدة الاطلاع.
This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers
Article 90 explained in plain English
This Article deals with two matters in the promissory note: the nature of the maker's liability and the sight endorsement on a note payable at a fixed period after sight.
First: the maker's liability. The maker of a promissory note is liable in the same way as the acceptor of a bill of exchange.
Second: a note payable at a fixed period after sight.
- It must be presented to the maker within the period provided for in Article 22, for an endorsement indicating that it has been seen.
- The endorsement must be dated and signed by the maker.
- The period after sight runs from the date of this endorsement.
- If the maker refuses to make the endorsement, the refusal must be proved by a protest, and the date of the protest is considered the start of the running of the period after sight.
A note payable "at a fixed period after sight" needs a date from which this period starts, and the Article makes it the date of the endorsement or, where the maker refuses, the date of the protest.
This Article complements Article 89, which makes the bill of exchange rules on endorsement, aval, payment, protest, the bar on hearing claims and others apply to the promissory note to the extent they are not inconsistent with its nature.
To find out the period specified in Article 22 and apply it to a particular note, it is advisable to consult a lawyer who specializes in commercial matters and commercial papers.
Practical example
Faisal issued a promissory note in favor of an establishment in Riyadh, payable 60 days after sight. The establishment presented the note to Faisal within the period provided for in Article 22, and he endorsed it with a dated and signed note indicating that he had seen it, so the 60 days began to run from the date of that endorsement. Had he refused to endorse it, his refusal would have had to be proved by a protest, and the period would have run from the date of the protest.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
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Frequently asked questions about Article 90 of the Saudi Commercial Papers Law
What is the liability of the maker of a promissory note?
The maker is liable in the same way as the acceptor of a bill of exchange.
When does the period after sight begin to run on a promissory note?
From the date of the maker's endorsement indicating that the note has been seen; if the maker refuses to endorse it, from the date of the protest proving the refusal.
What if the maker of the note refuses to endorse it as seen?
The refusal must be proved by a protest, and the date of the protest is considered the start of the running of the period after sight.
Articles this article refers to
More articles on Promissory Note
- Article 87
The Article lists the mandatory particulars of a promissory note: the order clause, an unconditional promise to pay a fixed sum, maturity, place of payment, payee, date and place of issue, and the maker's signature.
يشتمل السند لأمر على البيانات الآتية: أ - شرط الأمر أو عبارة (سند لأمر) مكتوبة في متن السند وباللغة التي كتب بها. ب - تعهد غير معلق على شرط بوفاء مبلغ معين من ا
- Article 88
The Article provides that a note lacking a mandatory particular is not a promissory note, except where the maturity date, place of payment or place of issue is missing, as the Article explains.
السند الخالي من أحد البيانات المذكورة في المادة السابقة لا يعتبر سند لأمر إلا في الأحوال الآتية: أ - إذا خلا السند من ميعاد الاستحقاق اعتبر واجب الوفاء لدى الاط
- Article 89
The Article makes the bill of exchange rules on endorsement, aval, payment, protest and the bar on hearing claims apply to promissory notes, to the extent they are not inconsistent with the note's nature.
تسري أحكام الكمبيالة الآتية على السند لأمر بالمقدار الذي لا تتعارض مع ماهيته: أ - الأحكام المتعلقة بالكمبيالة المستحقة الوفاء في موطن أحد الأخيار أو في مكان غير
The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.