UAE Civil Transactions Law

Article 1374

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

A possessory pledgee shall have the rights of a mortgagee in executing upon the pledged property and then upon all other assets of the debtor if the entire debt is not satisfied, as provided for in Article (1316) of this Law.

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