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Art. 884
A. Pledges I. Establishment 1. Possession by pledgee 1 Except where otherwise provided by law, chattels may be pledged only by the transfer of possession of the chattel to the pledgee. 2 Any person who in good faith takes a chattel in pledge acquires a general lien over it, provided that third parties do not have rights over the chattel as a result of prior possession, even if the pledger had no authority to alienate it. 3 The general lien is not established as long as the pledger retains exclusive possession of the chattel. |