Article 43 of the Saudi Cooperative Societies Law
المادة 43 من نظام الجمعيات التعاونية · الباب التاسع: أحكام ختامية
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.
Official text (Arabic)
This article has not been amended since the law was issued.
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 الوزراء ذي الرقم 419 والتاريخ 10 / 5 / 1398 هـ.
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 43 explained in plain English
This article sets out the relationship of the current Law to the earlier enactments, providing that it replaces two of them:
- The Cooperative Societies Law issued by Decree No. 26 dated 25/6/1382 AH.
- The Regulation on Subsidies to Cooperative Societies issued by Council of Ministers Resolution No. 419 dated 10/5/1398 AH.
"Replaces" means that these two enactments are no longer the reference for regulating cooperative societies and their subsidies, and that this Law is what applies in their place. One should therefore not rely on the provisions of the earlier Law or the earlier subsidies regulation as being in force.
This provision differs from the general formula that repeals only "what conflicts"; it expressly names the two enactments it replaces, and by its wording replaces them completely.
This provision is linked to Article 44, which provides that the Law is published in the Official Gazette and takes effect 90 days after the date of its publication, so the Law's replacing the earlier enactments is tied to its taking effect.
It is also linked to Article 42, which lets the Minister issue the Regulations and the decisions needed to implement the Law, with the Regulations to be issued within a maximum of 90 days of its issuance and to apply from the date the Law takes effect.
Anyone in a situation that arose under the earlier Law, such as a society registered under it, who wants to know how this replacement affects him may consult 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.
How we write and review contentCommercial & Corporate Law lawyers: ask a specialist about your case
Describe your situation briefly and we'll suggest a lawyer who specialises in this law
Commercial & Corporate Law lawyers
Lawyers who handle this kind of case
Ibrahim Al Salem Law Firm
Active contributor
Dr. Ali Al-Rubaie Law Office and Ittihad Al-Asr Legal Company
Frequently asked questions about Article 43 of the Saudi Cooperative Societies Law
Is the Cooperative Societies Law issued in 1382 AH still in force?
No. The current Law provides that it replaces the Cooperative Societies Law issued by Decree No. 26 dated 25/6/1382 AH.
What happened to the 1398 AH regulation on subsidies to cooperative societies?
The current Law replaces it as well; it was issued by Council of Ministers Resolution No. 419 dated 10/5/1398 AH.
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 42
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.
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.
- 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.