Loss and Sale of the Pledged Asset in the Saudi Commercial Pledge Law

هلاك المال المرهون وبيعه — نظام الرهن التجاري

The debt falling due if the asset is lost through the pledgor's fault or negligence, the pledge shifting to compensation, and sale of the asset by court order before maturity if it risks loss or loss of value, or a chance arises to sell at a higher price.

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Other topics in the Saudi Commercial Pledge Law