Security and Pledge – Pledgee’s right of retention

Security and Pledge – Pledgee’s right of retention

Art. 3156. Pledgee’s right of retention. If the thing pledged has been delivered to the pledgee or a third person for the benefit of the pledgee, the pledgee is not obligated to return it until all secured obligations have been extinguished.

Art. 3157. Indivisibility of pledge. The contract of pledge is indivisible, notwithstanding the divisibility of the secured obligations, and the pledgor may not demand return of all or part of the thing pledged until all secured obligations have been extinguished.