Where there is a possessory pledge, the pledgee creditor or the third party agreed upon by the
parties shall keep the collateral and ensure its conservation as a paid bailee does.
Similarly, where the settlor retains possession of the collateral, he shall keep same as a
responsible person and in particular by insuring same against of loss, partial or total damage.
Official translation
Spot-checked
In force from 15 December 2010
Source page 29