UAE Civil Transactions Law

Article 1384

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

The pledger may request the court's permission to sell the pledged property if an opportunity arises to sell it at a profitable price, even before the debt becomes due. The court shall, upon granting such permission, specify the conditions of sale and decide on the deposit of the price.

WAWhatsAppTGTelegram