Where the non-possessory pledge relates to fungible things, the pledgor may, unless otherwise agreed, dispose of them on condition that he replaces them with the same quantity of equivalent things.
Home | French Legislation Articles | French Civil Code | Book IV: Securities | Title II: Security interests | Subtitle II: Security interests in movable property | Chapter II: Pledging of tangible movable property | Article 2342 of the French Civil Code
Where the non-possessory pledge relates to fungible things, the pledgor may, unless otherwise agreed, dispose of them on condition that he replaces them with the same quantity of equivalent things.
Lorsque le gage sans dépossession a pour objet des choses fongibles, le constituant peut, sauf convention contraire, les aliéner à charge de les remplacer par la même quantité de choses équivalentes.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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