UAE Civil Transactions Law

Article 1367

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 · Second: Effects of the Possessory Pledge with Respect to the Pledgee

The pledgee shall preserve the property subject to a possessory pledge personally or through their trustee, and shall care for it with the care of an ordinary person. The pledgee shall be liable for its perishing or damage unless it is proven that such is due to a foreign cause beyond their control.

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