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Article 358.17: Exercise of rights certified by security

📅 Updated: 30.09.2026

1. A security bond contract may provide for the security holder ' s exercise of all or some of the rights held by the pledgeor and certified by the secured security. If the security agreement limits the exercise of rights certified by a security document, the breach of such restrictions shall not affect the performance of the security right. The rights and obligations of third parties who did not and should not have been aware of such restrictions; however, the pledge holder is liable to the grantor for the violation provided for in the Act. 3. If, under the terms of the bond contract, the pledgeor is required to agree with the pledge holder, In the event of a breach of this duty by the pledgeor, the pledge holder shall be liable as provided for by (c) 4. In cases where, by virtue of the contract, the pledge holder performs a security bond, the pledge holder shall have the right to demand the early performance of the secured obligation. The right to receive the income from the security, the pledge holder has the right to receive the income from the fixed security, as well as the money received from the repayment of the secured security, the money Amounts received from the issuing person in connection with the person ' s acquisition or moneys received in connection with the person ' s acquisition by a third party other than the will of the owner The income and money received by the pledge holder shall be credited to the satisfaction of the obligation which is secured by the security of the security. In the course of converting securities into other securities or other property, such securities or property shall be deemed to be in the custody of the pledge holder (art. 3, para. 345. If, in accordance with the law, the grantor of securities, by reason of its ownership, receives, in addition to it, other securities or other property free of charge, such assets are of value. 336 (3)).