Book1 Division07 Title12 Chapter03

DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM.

• The today existing (probably) only copy of its publication is in possession of the main library of Bangkok University. The detailed information and images of the original sources are available on the Centennial Website.
• The detailed information about the genealogical relations between the Draft 1919, Codes of 1923, Codes of 1925, and Code of 1992 is available at the "French Advisers' Heritage".

BOOK ON OBLIGATIONS.

DIVISION VII. SPECIFIC CONTRACTS.

TITLE XII. Pledge.

Section 801.

• If the obligation and accessories for which the pledge is security are not performed, the pledgee is entitled to have the pledge enforced in the manner described in the following sections.

《Genealogies》

1. Draft of April 1924: 860
2. Code of January 1925: -

Section 802.

• [I] The pledgee must first notify by registered letter the debtor to perform the obligation and accessories within a reasonable time to be fixed in the notice.
• [II] If the debtor fails to comply with the notice, the pledgee can sell the pledge by public auction.
• [III] The pledgee must notify the pledgor by registered letter of the day and time when, and of the place where, the auction shall be held.

《Genealogies》

1. Draft of April 1924: 861
2. Code of January 1925: 764

Section 803.

• If notification is impossible, the pledgee can sell the pledge by public auction one month after the obligation became due.

《Genealogies》

1. Draft of April 1924: 862
2. Code of January 1925: 765

Section 804.

• The buyer of a pledge duly sold by public auction acquires over it the same rights as if he had bought it from the owner.

《Genealogies》

1. Draft of April 1924: 863
2. Code of January 1925: -

Section 805.

• The pledgee of a bill is entitled to collect it on the day of its maturity without previous notification.

《Genealogies》

1. Draft of April 1924: -
2. Code of January 1925: -

Section 806.

• If the pledge is a sum of money, the pledgee is entitled to appropriate it up to the amount of the obligation and accessories.

《Genealogies》

1. Draft of April 1924: 864
2. Code of January 1925: 766

Section 807.

• [I] The pledgee must appropriate the nett proceeds of the public auction or of his collection to the extinction of the obligation and accessories and must return the surplus, if any, to the pledgor.
• [II] If the proceeds are less than the amount due, the debtor of the obligation remains liable for the difference.

《Genealogies》

1. Draft of April 1924: 865
2. Code of January 1925: 767

Section 808.

• If several properties are pledged as security for one obligation, the pledgee can sell such of them as he may select, but he cannot sell more than required for the satisfaction of his claim.

《Genealogies》

1. Draft of April 1924: 866
2. Code of January 1925: 768

Section 809.

• As long as the obligation is not due, the pledgor cannot agree that the pledgee shall, in case of non-performance, become the owner of the pledge or dispose of it otherwise than as provided by this Chapter.

《Genealogies》

1. Draft of April 1924: 867
2. Code of January 1925: 756