Text of the provision
Art. 2093. In addition to the requisites prescribed in article 2085, it is necessary, in order to constitute the contract of pledge, that the thing pledged be placed in the possession of the creditor, or of a third person by common agreement.
(1863)
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
Beyond the Art. 2085 requisites, a pledge requires that the thing be placed in the possession of the creditor or an agreed third person. Pledge is a real contract.
Related provisions
- Article 2092 — Promise to Pledge/Mortgage.
- Article 2094 — What May Be Pledged.
Cases citing this article
- Johnny K. Lima, et al. vs. Transway Sales Corp., et al, G.R. No. 106770, October 22, 1999 — read the decision on LawPhil →
- Lim Tay vs. Court of Appeals, et al, G.R. No. 126891, August 5, 1998 — read the decision on LawPhil →
- Fort Bonifacio Development Corporation vs. Yllas Lending Corporation, et al, G.R. No. 158997, October 6, 2008 — read the decision on LawPhil →
- Michel J. Lhuillier Pawnshop, Inc. vs. Commissioner of Internal Revenue, G.R. No. 166786, May 3, 2006 — read the decision on LawPhil →
Compiled automatically from Supreme Court decisions published on LawPhil that expressly cite this article, most frequently cited first. A listing means the decision cites the provision — it is not a statement that the case is the leading authority, and it does not show whether a ruling has since been modified or abandoned. Always read the decision itself.