Pledge defined

N.D. Cent. Code § 35-06-01
in effect
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35-06-01. Pledge defined Pledge is a deposit of personal property as security for the performance of another act. Every contract by which the possession of personal property is transferred as security only is a pledge and its validity and effect are governed by the provisions of this chapter except as modified by the provisions of title 41.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t35c06.pdf#nameddest=35-06-01Fetched: 10/16/2026

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