Rule · QCB · 20 Feb 2024
The Amir of Qatar issued Law No. 1 of 2024 to amend Article 585 of the Commercial Law regarding partial payment of checks. The amendment mandates that if a check amount exceeds available funds, the drawer must make a partial payment unless the holder refuses it, while endorsing the check and providing a payment certificate. This certificate and the endorsed check serve as the holder's right of recourse for the remaining balance.
Amending Certain Provisions of the Commercial Law Issued by Law No. (27) of 2006
We Tamim bin Hamad Al Thani, Amir of the State of Qatar, Having reviewed the Constitution, And the Commercial Law issued by Law No. (27) of 2006, amended by Law No. (7) of 2010, And upon the proposal of the Council of Ministers, And upon the approval of the Shura Council, Have decided to ratify the following Law:
The text of Article (585) of the aforementioned Commercial Law is replaced with the following text:
"If the amount available for payment is less than the check amount, the person subject to the check must make a partial payment to the extent of the funds available to them, unless the holder refuses such payment. In the event of partial payment, the person subject to the check must endorse the check for each partial payment on the back of the check to indicate this, and deliver the original check and a certificate of such payment to the holder. The holder is considered to have the right of recourse for the remaining balance using this certificate and the endorsed original check."
All competent authorities shall, each within their respective jurisdiction, implement this Law. It shall be published in the Official Gazette.
Tamim bin Hamad Al Thani
Amir of the State of Qatar
Issued at the Amir's Diwan on: 10/8/1445 AH
Corresponding to: 20/2/2024 AD
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Source: Qatar Central Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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