N.D. Cent. Code § 35-06-09

Current through 2023 Legislative Sessions
Section 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.

N.D.C.C. § 35-06-09