Where the full value of an instrument is not paid at the time of being presented as a pledge, the debtor shall, upon maturity of the unpaid part, pay it at least two days prior to its maturity date, otherwise, the pledgee may appeal the court to sell the instrument, pursuant to the provisions of Article (454) above. The unpaid part shall be paid from the proceeds of the sale and the balance shall be retained as a collateral in lieu of the pledge.
Interpretation and application must be checked against the official text and current version.