Book Four: Real Securities · Section Two: Possessory Pledge · Chapter Three: Special Provisions for Certain Possessory Pledges · Part Two: Pledge of Movables
If the pledged property is threatened with perishing, damage, or a diminution in its value, the pledgee shall notify the pledger thereof. If the pledger does not provide alternative security, either party may request the court to sell the pledged property, and the creditor's right shall then transfer to the sale price.
Interpretation and application must be checked against the official text and current version.
