The parties to a novation may transfer the security for the original obligation to that of the new obligation, within the limit of its objective; provided, if the security has been furnished by a third person, his or her consent must be obtained.
Civil Act — Article 505 (Transfer to new obligation of security)
민법 제505조
For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool:
https://mcp.apify.com?tools=kr-data/korea-law