UAE Civil Transactions Law

Article 1378

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

A possessory pledge shall secure the principal debt, the necessary expenses paid by the pledgee on behalf of the pledgor, and the expenses of concluding and enforcing the pledge contract.

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