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Al-Majallah al-Ahkam al-‘Adaliyyah
Chapter 2: Pledgor and Pledgee.
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The pledgee may of his own accord cancel the contract of pledge.
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The pledgor may not cancel the contract of pledge without the consent of
the pledgee.
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The pledgor and pledgee may cancel the contract of pledge by agreement.
The pledgee, however, may retain the pledge after the cancellation of the
contract, until the sum secured by such pledge has been paid.
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A principal debtor may validly give a pledge to his guarantor.
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A pledge may be validly taken from a debtor by two creditors, whether such
creditors are partners or not, such pledge securing both debts.
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A creditor may validly take a pledge in respect to sums due from two persons,
such pledge securing both debts.
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