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Cap. 16 · Civil Code (Cap. 16)

Cap. 16 Art. 1977How interest or other profits of pledge are to be appropriated.

Title XXI

En vigueurTexte officiel

(1) If the thing pledged bears interest or yields other profits, the creditor shall appropriate such interest or profits to the interest which may be due to him.

(2) If the debt in security of which the pledge was given does not bear interest, the appropriation shall be made to the principal of the debt.

(3) Any covenant contrary to the provision of this article is null.