UAE Civil Transactions Law

Article 1365

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

The provisions governing the perishing or damage of the pledged property due to the pledgor's fault or due to force majeure, as set forth in Article (1312) of this Law, shall apply to the possessory pledge.

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