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Civil Act — Article 353 (Method of execution of claim under pledge)

민법 제353조

(1) A pledgee may directly collect the claim under the pledge.

(2) If the subject matter of a claim is money, the pledgee may obtain direct payment of only such portion thereof as corresponds to the amount of his or her own claim.

(3) If the claim mentioned in the preceding paragraph has become due earlier than the pledgee's claim, the pledgee may request the original debtor to deposit the amount payable with the Court Depository. In such case the pledge shall exist over the money so deposited.

(4) If the object of the claim is a thing other than money, the pledgee may exercise his pledge over the thing discharged.

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