N.D. Cent. Code § 35-06-01
Current through 2023 Legislative Sessions
Pledge is a deposit of personal property as security for the performance of another act. Every contract by which the possession of personal property is transferred as security only is a pledge and its validity and effect are governed by the provisions of this chapter except as modified by the provisions of title 41.
N.D.C.C. § 35-06-01