Where the pledge is possessory, the settlor may demand the return of the collateral without prejudice to a claim in damages,where the creditor or the third party agreed upon fails to take proper care of the collateral.
Where the pledge is non-possessory the creditor may rely on the expiration of the time limit for payment of the secured debt or ask for additional security where the settlor fails to take appropriate steps for the preservation of the pledge.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 29
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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