Perfection of Pledging Bonds Article 693 Pledging Bonds cannot be asserted against the Bond-Issuing Company and other third parties unless the names and addresses of the pledgees are entered or recorded in the bond register.
Notwithstanding the provisions of the preceding paragraph, a pledgee of Bonds for which there are provisions to the effect that Bond certificates are issued may not assert the pledge against the Bond-Issuing Company and other third parties unless the pledgee is in continuous possession of the Bond certificates relating to such Bonds.
