Indian Contract Act, 1872 · Chapter IX: Of Bailment · Bailments of pledges
Section 179: Pledge where pawnor has only a limited interest
In plain words
A person who pledges goods in which they have only a limited interest makes a valid pledge to the extent of that interest.
A simplified explanation, prepared with AI assistance from the official text below and checked automatically against it for numbers and cross-references. The official text is the law and prevails over this summary. Not legal advice.
Official text
Where a person pledges goods in which he has only a limited interest, the pledge is valid to the extent of that interest.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.