Book Four: Real Securities · Section Two: Possessory Pledge · Chapter Two: Effects of the Possessory Pledge · Part Two: Effects of the Possessory Pledge with Respect to Third Parties
For a possessory pledge contract to be effective against third parties, the pledged property shall be in the possession of the pledgee or the neutral custodian agreed upon by the parties.
Interpretation and application must be checked against the official text and current version.
