71-2-101: Definitions.
Where this section sits in the code
- TITLE 71. MORTGAGES, PLEDGES, AND LIENS
- CHAPTER 2. PLEDGES
- Part 1. Pledges in General
(1) "Pledge" is a deposit of personal property by way of security for the performance of another's act.
(2) A pledgor and pledgee may agree upon a third person with whom to deposit the property pledged, who, if the third person accepts the deposit, is called a "pledge holder".
Collected 2026-09-14T04:58:51Z. Source file · JSON