The pledgee as well as the pledger are entitled to institute actions against third persons to protect the pledged property, provided that the one who does so ensures that the other is joined in the action in a timely manner.
Civil Code
2015 English source edition · Current applicability not established.
This is the 2015 English-language edition attributed in its front matter to the Ministry of Justice. Eri Atlas has not independently verified the translation, later changes, or whether the text is currently in force. Nine passages are incomplete in the available scan and are identified where they occur.
Article 2501
Action for Possession · Preserved transcription; page attribution imported from the source collection. Verify against the original.
The custodian of the pledge shall inform the pledgee and the pledger without delay of circumstances requiring the institution of such actions.