N.D. Cent. Code § 35-06-07
Current through the 2023 Legislative Sessions
A pledgor and pledgee may agree upon a third person with whom to deposit the property pledged who, if the third person accepts the deposit, is called a pledgeholder, and the third person must enforce all the rights of the pledgee unless authorized by the pledgee to waive them.
N.D.C.C. § 35-06-07