The contract of pledge gives a right to the creditor to retain the thing in his possession or in that of a third person to whom it has been delivered, until the debt is paid. (1866a)
Civil Code · Book IV: Obligations and Contracts · Title XVI: Pledge, Mortgage and Antichresis
Chapter 2: Pledge
Current text, as of October 24, 2026
The contract of pledge gives a right to the creditor to retain the thing in his possession or in that of a third person to whom it has been delivered, until the debt is paid. (1866a)
Personal Property Security Act (2018)
RA 11057 repealed, amended or modified this article where inconsistent with the Personal Property Security Act, which now governs security interests over personal property through a centralized registry.
Read RA 11057 →Consolidated by Alleba from the text of Republic Act No. 386 (Lawphil and the Supreme Court E-Library). Book I provisions on marriage, family relations and parental authority were repealed by the Family Code (Executive Order No. 209, 1987) and are shown for reference only. For information and research only, and not legal advice. For certified copies, refer to the Official Gazette or the issuing agency.