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  • Interpretation
  • No.55
  • Date
  • 1955/10/24
  • Issue
    • Should a pawnee receive the executive title to initiate the procedure for foreclosing collaterals?
  • Holding
    •        When a pawnee forecloses collaterals under the circumstance related in Article 893 of the Civil Code, the pawnee should conduct the process according to the ruling of J.Y. Interpretation No. 98.  If the pawnee does not auction the collateral by himself/herself but instead files for auction with the court, he or she should first receive the executive title.
    • *Translated by Lawrence L. C. Lee.
  • Reasoning
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