[eu]cite

Home› Civil Code & Private Law› BGB (EN)

Book 3 · Law of property  ›  Title 1 · Pledge of movable things › Section 1205

Creation

(1) To create a pledge, it is necessary for the owner to deliver the thing to the creditor and for both to agree that the creditor is to be entitled to the pledge. If the creditor is in possession of the thing, agreement on the creation of the pledge suffices.

(2) The delivery of possession of a thing in the indirect possession of the owner may be replaced by the owner transferring indirect possession to the pledgee and notifying the possessor of the pledging.

←→ also move between sections