North Dakota Statutes
§ 35-06-09 — Exoneration of pledgeholder
A pledgeholder for reward cannot exonerate the pledgeholder from the pledgeholder's
undertaking, and a gratuitous pledgeholder can do so only by giving reasonable notice to the
pledgor and pledgee to appoint a new pledgeholder, and in case of their failure to agree, by
depositing the property pledged with some impartial person who then will be entitled to a
reasonable compensation for that person's care of the same.
Free access — add to your briefcase to read the full text and ask questions with AI
North Dakota § 35-06-09 (Exoneration of pledgeholder) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 35-01-01
Scope of statutes relating to liens§ 35-01-02
Definition of lien§ 35-01-05.1
When security interest in vehicle valid§ 35-01-05.2
Priority of liens securing future advances§ 35-01-06
Obligations not in existence§ 35-01-08
Lien transfers no title§ 35-01-09
Recorder to file and index lien