UAE Commercial Transactions Law — Article 458 — Article (458)
Book Three: Banking Transactions · Part Five: Transactions on Securities · Chapter One: Lending Against Securities: Article (451)
The lien of the pledgee shall remain in the same ranking as between the contracting parties and vis-a-vis third parties over the profits of the pledged instrument, its interest, the commercial papers replacing it and its value if paid before its maturity date.
Interpretation and application must be checked against the official text and current version.
