Book Four: Real Securities · Section Two: Possessory Pledge · Chapter One: Definition and Creation of a Possessory Pledge
A possessory pledge is a contract that creates a right to retain property in the possession of the creditor or a neutral custodian as security for a right that may be satisfied therefrom, in whole or in part, in priority over all other creditors.
Interpretation and application must be checked against the official text and current version.
