UAE Civil Transactions Law

Article 1368

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 may not dispose of the pledged property without the authorization of the pledgor, and they may not sell it unless they are an agent for the sale.

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