1. The ownership of pledged securities shall be transferred from the pledger to the pledgee bank. 2. The bank shall may withhold such instruments.
Interpretation and application must be checked against the official text and current version.
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Book Three: Banking Transactions · Part Five: Transactions on Securities · Chapter One: Lending Against Securities: Article (451)
1. The ownership of pledged securities shall be transferred from the pledger to the pledgee bank. 2. The bank shall may withhold such instruments.
Interpretation and application must be checked against the official text and current version.