Chapter III: Pledging of intangible movables.

Sums paid in respect of the pledged claim are deducted from the secured claim when it is due. If this is not the case, the pledged creditor retains them as security in a specially allocated account opened for this purpose with an institution authorised to receive them, with the responsibility for returning them if the secured obligation is performed. In the event of default by the debtor of the secured…

In the event of default by his debtor, the pledged creditor may have the pledged claim and all rights attached thereto assigned to him by the court or under the terms of the agreement. He may also wait until the pledged claim falls due.

If more has been paid to the pledgee than the secured debt, the pledgee owes the difference to the settlor.