Русско-англо-русский юридический словарь

There were some exceptions to this rule; for instance, when a subsequent pledgee had lent his money to save the pledged thing from destruction, he had a preference over a prior pledgee (Dig. 20 tit. 4 s5, 6). (Article by George Long, M.A., Fellow of Trinity College)

There were some exceptions to this rule; for instance, when a subsequent pledgee had lent his money to save the pledged thing from destruction, he had a preference over a prior pledgee (Dig. 20 tit. 4 s5, 6). (Article by George Long, M.A., Fellow of Trinity College)

1. If property that is under pledge becomes the subject of another pledge to secure other claims (a subsequent pledge), the claims of the subsequent pledgee shall be satisfied from the value of this property after the claims of the previous pledgees. (The Civil Code of the Russian Federation: Parts 1 and 2, Peter B. Maggs)