North Dakota § 35-06-09 - Exoneration of pledgeholder

Full text of North Dakota North Dakota Century Code § 35-06-09 — Exoneration of pledgeholder, with citation guidance and answers to common questions.

§ 35-06-09. Exoneration of pledgeholder

A pledgeholder for reward cannot exonerate the pledgeholder from the pledgeholder's undertaking, and a gratuitous pledgeholder can do so only by giving reasonable notice to the pledgor and pledgee to appoint a new pledgeholder, and in case of their failure to agree, by depositing the property pledged with some impartial person who then will be entitled to a reasonable compensation for that person's care of the same.

Source: official North Dakota text · Last verified 2026-08-27

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Frequently Asked Questions About North Dakota § 35-06-09

What does North Dakota Century Code § 35-06-09 cover?

Section 35-06-09 ("Exoneration of pledgeholder") is part of the North Dakota Century Code, the codified statutory law of North Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite North Dakota § 35-06-09?

A common citation format is "North Dakota Century Code § 35-06-09" (North Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of North Dakota law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.

How does North Dakota § 35-06-09 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in North Dakota.