Article 5 Competence of creating statutory pledge over financial instrument

It is competent to create a statutory pledge over a financial instrument.

It is also competent to create a pledge over a financial instrument in accordance with article 7; and a pledge so created is to be treated for all purposes as a statutory pledge.

Part 2 of the Act (security over moveable property) applies to a pledge created by virtue of this article subject to articles 6 to 19.