North Dakota Statutes
§ 35-06-09 — Exoneration of pledgeholder
North Dakota § 35-06-09
This text of North Dakota § 35-06-09 (Exoneration of pledgeholder) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.D. Cent. Code § 35-06-09 (2026).
Text
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.
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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 lienCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 35-06-09, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/35-06-09.