Pledgeholder defined - Duties

N.D. Cent. Code § 35-06-07
in effect
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35-06-07. Pledgeholder defined - Duties A pledgor and pledgee may agree upon a third person with whom to deposit the property pledged who, if the third person accepts the deposit, is called a pledgeholder, and the third person must enforce all the rights of the pledgee unless authorized by the pledgee to waive them.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t35c06.pdf#nameddest=35-06-07Fetched: 10/16/2026

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