Lien of pledge dependent on possession

N.D. Cent. Code § 35-06-02
in effect
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35-06-02. Lien of pledge dependent on possession The lien of a pledge is dependent on possession and no pledge is valid until the property pledged is delivered to the pledgee or to a pledgeholder as hereinafter prescribed.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t35c06.pdf#nameddest=35-06-02Fetched: 10/16/2026

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