Section 747 — Pledge — definition
Statutory text (Thai original)
อันว่าจำนำนั้น คือสัญญาซึ่งบุคคลหนึ่ง เรียกว่าผู้จำนำ ส่งมอบสังหาริมทรัพย์สิ่งหนึ่งให้แก่บุคคลอีกคนหนึ่ง เรียกว่าผู้รับจำนำ เพื่อเป็นประกันการชำระหนี้
Verbatim from the Royal Gazette / Office of the Council of State
คำแปลภาษาอังกฤษ
A pledge is a contract whereby a person, called the pledgor, delivers to another person, called the pledge, a movable property as a security for the performance of an obligation.
This English translation is provided for reference only and has not yet been firm-verified — always rely on the Thai original.
Firm annotation
Section 747 governs pledges — security with delivery, contrasting with mortgages (without delivery, §702). Pledges work primarily for jewellery, gold, securities, machinery — anything movable. The pledgee has possession and a right of retention until the secured debt is paid; on default, the pledgee can sell at public auction after 30 days' notice (§764). Thailand's traditional pawnshops operate under a special Pawnshop Act, but commercial pledges (e.g., share-pledge financing) operate under §747+.
Supreme Court decisions interpreting this section
Showing decisions in our database that cite this section. The list updates automatically when new decisions are added.