Article 42 of the Saudi Cooperative Societies Law
المادة 42 من نظام الجمعيات التعاونية · الباب التاسع: أحكام ختامية
The article authorizes the Minister to issue the Implementing Regulations and the decisions needed to implement the Cooperative Societies Law, with the Regulations to be issued within 90 days of the Law's issuance and to apply from the date the Law takes effect.
Official text (Arabic)
This article has not been amended since the law was issued.
يصدر الوزير اللائحة والقرارات اللازمة لتنفيذ أحكام هذا النظام، على أن تصدر اللائحة في مدة أقصاها (تسعون) يومًا من تاريخ صدوره، ويعمل بها من تاريخ العمل بالنظام.
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 42 explained in plain English
This article deals with the implementing tools of the Cooperative Societies Law, and contains three provisions:
First: who has the power
The Minister (who under Article 1 is the Minister of Social Affairs) issues:
- The Regulations, meaning the Implementing Regulations of the Law.
- The decisions needed to implement the provisions of the Law.
Second: the time limit for issuing the Regulations
The Regulations are issued within a maximum of 90 days of the date the Law is issued. Note that the text counts the period from the date of issuance.
Third: when the Regulations start to apply
The Regulations apply from the date the Law takes effect, so the two begin to apply together.
This article is linked to Article 41, which gives the relevant ministries technical supervision of the societies as to their activities, and to Article 43, which provides that this Law replaces the Cooperative Societies Law issued by Decree No. 26 dated 25/6/1382 AH and the Regulation on Subsidies to Cooperative Societies issued by Council of Ministers Resolution No. 419 dated 10/5/1398 AH.
Anyone who needs the detailed provisions that apply to his society should consult the Regulations and the decisions the Minister issues, or a lawyer specializing in commercial and corporate cases.
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 42 of the Saudi Cooperative Societies Law
Who issues the Implementing Regulations of the Cooperative Societies Law?
The Minister issues them, along with the decisions needed to implement the provisions of the Law.
When do the Implementing Regulations take effect?
They apply from the date the Law takes effect, and are to be issued within a maximum of 90 days of its issuance.
More articles on Definition of the Cooperative Society and General Provisions
- Article 1
The article defines the key terms in the Cooperative Societies Law, including the Ministry, the society, the general assembly, the board of directors, the member and the Regulations.
يقصد بالألفاظ والعبارات الآتية – أينما وردت في هذا النظام – المعاني المبينة أمام كل منها ما لم يقتض السياق خلاف ذلك. الوزارة : وزارة الشئون الاجتماعية. الوزير:
- Article 2
The article defines a cooperative society as one formed by individuals to improve its members' economic and social condition by following cooperative principles, and requires its name to indicate its cooperative character and the type of its work.
تعد جمعية تعاونية كُل جمعية يكوِّنها أفراد طِبقاً لأحكام هذا النِظام، بهدف تحسين الحالة الاقتصادية والاجتماعية لأعضائها ،سواء في نواحي الإنتاج، أم الاستِهلاك ،أ
- Article 41
The article provides that the relevant ministries exercise technical supervision over cooperative societies as to their activities.
تتولى الوزارات ذات العلاقة الإشراف الفني على الجمعيات، وذلك فيما يخص نشاطاتها.
- Article 43
The article provides that this Law replaces the Cooperative Societies Law issued by Decree No. 26 of 1382 AH and the Regulation on Subsidies to Cooperative Societies issued by Council of Ministers Resolution No. 419 of 1398 AH.
يحل هذا النظام محل نظام الجمعيات التعاونية، الصادر بالمرسوم ذي الرقم 26 والتاريخ 25 / 6 / 1382 هـ، وكذا لائحة إعانة الجمعيات التعاونية، الصادرة بقرار مجلس الوزر
- Article 44
The article provides that the Cooperative Societies Law is published in the Official Gazette and takes effect 90 days after its publication.
ينشر هذا النظام في الجريدة الرسمية، ويعمل به بعد (تسعين) يومًا من تاريخ نشره.
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.