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
Upon the perishing or damage of the pledged property, the possessory pledge shall transfer to the property that has replaced it, and the pledgee may satisfy their right therefrom in accordance with the provisions of Article (1313) of this Law.
Interpretation and application must be checked against the official text and current version.
