N.D. Cent. Code § 35-06-09: Exoneration of pledgeholder
Where this section sits in the code
- Title 35 Liens
- Chapter 35-06 Pledge
A pledgeholder for reward cannot exonerate the pledgeholder from the pledgeholder's undertaking, and a gratuitous pledgeholder can do so only by giving reasonable notice to the pledgor and pledgee to appoint a new pledgeholder, and in case of their failure to agree, by depositing the property pledged with some impartial person who then will be entitled to a reasonable compensation for that person's care of the same.
Collected 2026-09-02T21:04:14Z. Source file · JSON