Civil Code Article 908June 19, 2019

If the subject of a pledge is securities for which no rights holder is named, the creation of the pledge becomes effective by the delivery of the securities to the pledgee. If the subject is any other type of securities, endorsement is also required to be made. "The endorsement referred to in the preceding paragraph may include a notation as to the purpose for which the pledge is created.

Same Article Laws


Other Related Laws