Korean Law in English
Laws › Civil Act › SECTION 1 Pledge of Movables

Civil Act — Article 341 (Right to indemnity of person who pledged one's property to secure another's obligation)

민법 제341조

If a person who has pledged his own property to secure a debt of another, discharges the debt or loses the ownership of the pledged article in consequence of the enforcement of the pledge, he or she is entitled to be indemnified by the debtor in accordance with the provisions relating to surety obligations.

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