The pledge of a security extends to the interest coupons, annuity coupons or dividend coupons belonging to the instrument only if they have been delivered to the pledgee. The pledgor may, unless otherwise provided, demand the surrender of the coupons, to the extent that they fall due before the prerequisites set out in section 1228 (2) have occurred.
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Book 3 · Law of property › Title 2 · Pledge of rights › Section 1296
Extension to interest coupons
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