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Laws › Civil Act › SECTION 1 Pledge of Movables

Civil Act — Article 340 (Satisfaction of claim out of other property than pledged article)

민법 제340조

(1) A pledgee may obtain satisfaction of his or her claim out of other property of the debtor only in respect to that portion which has not been satisfied out of the pledged article.

(2) The preceding paragraph shall not apply if other property is to be apportioned prior to the apportionment of the pledged article; provided, other creditors may ask the pledgee to deposit the apportioned amount.

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