UAE Civil Transactions Law

Article 396

Book One: Obligations · Section Two: Effects of the Obligation · Chapter Five: Multiplicity of Parties to the Obligation · Part Two: Joint Debt

If one of the co-creditors receives their share in the joint debt and then disposes thereof or consumes it, the other co-creditors may have recourse against them for their shares therein. If it perishes or is destroyed while in their possession without any fault or negligence on their part, they shall not be liable for the shares of their co-creditors therein, and they shall be deemed to have received their share, while the remainder of the debt in the liability of the debtor shall belong to their other co-creditors.

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