If the maturity of the pledged claim depends on notice, the pledgee may, unless they have the right to give notice, demand that the creditor give notice, if the collection of the claim is necessary under the rules of proper management of assets by reason of a danger to its safety. Subject to the same prerequisite, the creditor may demand from the pledgee their approval of the notice, to the extent that approval is required.
Home› Civil Code & Private Law› BGB (EN)
Book 3 · Law of property › Title 2 · Pledge of rights › Section 1286
Duty of termination in the case of danger
←→ also move between sections