Chapter I: Definition and general rules.

Where the secured creditor has authorised the pledgor to dispose of the financial securities and sums in any currency which are the subject of the pledge, the pledgor and the secured creditor shall inform the account keeper or the manager of the computerised identification process in writing of the terms of this arrangement. The account keeper or the manager of the computerised identification process may not deviate from the instructions…

The provisions of articles D. 211-10 to D. 211-13 do not apply to pledges of shares in non-trading property investment companies or shares in forestry savings companies, which remain subject to the provisions of articles 1866 to 1868 of the Civil Code.