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Article 9 Assignation of unregistered statutory pledge over financial instrument

Original text. Later amendments are not shown.

(1)

An unregistered statutory pledge may be assigned by means of an evidenced agreement between the collateral-taker and the assignee.

(2)

Section 57(3) of the Act (assignation of statutory pledge) applies to such an agreement as it applies to an assignation document mentioned in section 57(2).