Any agreement, even subsequent to the furnishing of the pledge, authorizing the creditor, in the event of nonpayment on the due date, to take possession of the pledge or to sell it without complying with the formalities required by law shall be of no effect.
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 2511
Commissoria Lex · Preserved transcription; page attribution imported from the source collection. Verify against the original.
It may however be agreed, after the obligation has become due, that the debtor shall make over the pledge to the creditor in settlement of the obligation. Where the pledge is encumbered with another right of pledge or is under attachment, the cooperation of the other pledgee or of the attachor is also required.