The contract of pledge shall be binding on third parties either by its registration in the Trade
and Personal Property Rights Register or by the handing over of the collateral to the pledgee-
creditor or to any third party agreed upon by the parties.
Where the pledge is regularly published the specific legatees or devisees of the settlor may not be regarded as bona fide possessors and the pledgee-creditor may pursue the collateral in their hands for the enforcement of his claim.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 27
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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