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Book 3 · Law of property  ›  Title 1 · Pledge of movable things › Section 1253

Extinction by return

(1) The pledge is extinguished if the pledgee returns the pledged item to the pledgor or to the owner. A reservation of the continuation of the pledge is ineffective.

(2) If the pledged item is in the possession of the pledgor or of the owner, there is a presumption that the pledged item has been returned to them by the pledgee. This presumption also applies if the pledged item is in the possession of a third party who obtained possession, after the creation of the pledge, from the pledgor or the owner.

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