of November 24, 1993 No. 2586-XII
About pledge
Pledge - method of ensuring obligation fulfillment in case of which the creditor (pawnbroker) has the right in case of failure to carry out by the debtor (pledger) of the obligation provided with pledge to become widespread the requirement from the cost of pledged property mainly before other creditors, except as specified, stipulated by the legislation the Republic of Belarus.
The relations on pledge are governed by the Civil code of the Republic of Belarus, this Law and other acts of the legislation of the Republic of Belarus.
Pledge arises based on the agreement or the legal act.
The legal act providing emergence of pledge shall contain specifying on as a result of what circumstances and what property shall be recognized pledged.
The valid requirement, in particular, following from loan agreements, purchase and sale, property hiring and others can be provided with pledge.
The requirement arising in the future provided that the parties will agree about the amount of providing with pledge of such requirement can be provided with pledge.
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The document ceased to be valid according to the Law of the Republic of Belarus of 09.07.2012 No. 388-Z