35-06-02. Lien of pledge dependent on possession.
30 words·~1 min read·
/nd/title-35/chapter-35-06-pledge/35-06-02·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The lien of a pledge is dependent on possession and no pledge is valid until the property pledged is delivered to the pledgee or to a pledgeholder as hereinafter prescribed.