UAE Civil Transactions Law

Article 1382

Book Four: Real Securities · Section Two: Possessory Pledge · Chapter Three: Special Provisions for Certain Possessory Pledges · Part Two: Pledge of Movables

A possessory pledge of a movable shall not be effective against third parties unless it is recorded in an instrument of fixed date stating the debt and the pledged property, in addition to the transfer of possession to the pledgee.

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