35-06-10. Fraudulent misrepresentation of property pledged - Rights of creditor.
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/nd/title-35/chapter-35-06-pledge/35-06-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When a debtor has obtained credit or an extension of time by a fraudulent misrepresentation of the value of the property pledged by or for the debtor, the creditor may demand a further pledge to correspond with the value represented and in default thereof may recover the creditor's debt immediately though it is not actually due.