Book Four: Real Securities · Section Two: Possessory Pledge · Chapter Two: Effects of the Possessory Pledge · Part One: Effects of the Possessory Pledge between the Contracting Parties · First: Effects of the Possessory Pledge with Respect to the Pledgor
1. The pledgor may not dispose of the property subject to a possessory pledge except with the consent of the pledgee.
2. If such disposition is a sale, the pledgee's right shall transfer to the price of the pledged property.
Interpretation and application must be checked against the official text and current version.
