Cap. 16 Art. 1965Pledge of movable things.

(1) The pledge of movable things is constituted by the delivery to the creditor of the thing pledged or of the document conferring the exclusive right to the disposal of the thing.

(2) The thing pledged or the document aforesaid may also be delivered to a third party selected by the parties to the contract or placed in the custody of both parties in such a way that the party giving the pledge may not dispose of it without the co-operation of the creditor.