44-10 PLEDGES OF PERSONAL PROPERTY
PLEDGES OF PERSONAL PROPERTY
Lien of pledge dependent on possession--Delivery essential to valid pledge.
Real owner cannot defeat pledge of property transferred to apparent owner for the
purpose of pledge.
Lienor may pledge property to the extent of his lien.
Pledge as security for obligation of another--Rights of pledgor, exception--Consideration
for pledge received from debtor cannot be withdrawn without consent.
Obligations of pledge holder--Exoneration from undertaking.
Obligations of pledgee and pledge holder--Assumption of duties and liabilities of
Increase of property pledged--Covered by pledge lien.
Pledgee's sale of securities--Evidences of debt--Exception.
Debtor's misrepresentation of value of pledge.