{"schemaVersion":1,"recordType":"legal-article","id":"law:eri:code:civil:2015:article:2514","workId":"law:eri:code:civil:2015","expressionId":"law:eri:code:civil:2015:en","title":"Sale of Pledge","number":"2514","language":"en","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/2514/","hierarchy":{"book":"BOOK VI - SPECIAL CONTRACTS","title":"TITLE IV - CONTRACTS FOR THE PROVISION OF SECURITY","chapter":"Chapter 2. - Contracts of Pledge","section":"Section 1. - Contracts of Pledge in General","paragraph":"Paragraph 5. - Sale of Pledge"},"paragraphs":[{"id":"p1","number":"1","text":"Where, within eight days from the notice provided in Article 2513, no objection has been raised or the objection is dismissed, the pledgee may cause the pledge to be sold by public auction.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/2514/#p1","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":695,"url":"https://eriatlas.com/sources/civil-code-2015/page/695/?article=2514&paragraph=p1#article-2514-p1"}]},{"id":"p2","number":"2","text":"A pledgee or attachor with a lower rank can only sell the pledged property subject to the higher ranking rights of pledge.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/2514/#p2","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":695,"url":"https://eriatlas.com/sources/civil-code-2015/page/695/?article=2514&paragraph=p2#article-2514-p2"}]},{"id":"p3","number":"3","text":"Where the pledge is quoted on the market or at an exchange or has a current price, the pledgee may cause it to be sold by private contract through the intermediary of a person authorized to make such sales.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/2514/#p3","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":696,"url":"https://eriatlas.com/sources/civil-code-2015/page/696/?article=2514&paragraph=p3#article-2514-p3"}]}],"caution":"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."}