(1) The pledge right on the author’s economic rights may be exercised with respect to money or other goods to be received by the holder of author’s economic rights as a result of a transfer of the author’s economic rights or exploitation of the work (including remuneration for the establishment of the exclusive right of publication under Article 57 and the right of publication under Article 63); provided, the money or other goods shall be seized before payment or delivery. <Amended on Apr. 22, 2009; Dec. 2, 2011>
(2) The author's economic rights which has become the object of the pledge rights shall be exercised by the holder of author's economic rights unless otherwise stipulated in the contract of establishment of the pledge rights. <Added on Apr. 22, 2009; Aug. 8, 2023>[Title Amended on Apr. 22, 2009]