Pledge to secure another's obligation - Effect - Withdrawal

N.D. Cent. Code § 35-06-06
in effect
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35-06-06. Pledge to secure another's obligation - Effect - Withdrawal Property may be pledged as security for the obligation of a person other than the owner and in so doing the owner has all the rights of a pledgor for the owner except that one who pledges property as security for the obligation of another cannot withdraw the property pledged otherwise than as a pledgor might, and if the owner receives from the debtor a consideration for the pledge, the owner cannot withdraw it without the debtor's consent.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t35c06.pdf#nameddest=35-06-06Fetched: 10/16/2026

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