Article 327. Pledge of goods in circulation of the Civil Code of the Republic of Kazakhstan
1. A pledge of goods in circulation is recognized as a pledge of goods with their retention by the pledgor and with the granting to the pledgor of the right to change the composition and physical form of the pledged property (stocks, raw materials, semi-finished products, finished products, etc.).
2. Goods in circulation alienated by the pledgor cease to be the subject of pledge from the moment they become the property, economic management or operational management of the acquirer, and the goods acquired by the pledgor specified in the pledge agreement become the subject of pledge from the moment the pledgor acquires ownership or economic management rights to them.
3. By agreement of the parties, the pledge agreement may stipulate that the total value of the pledge of goods in circulation should not become less than the value specified in the pledge agreement.
A reduction in the value of pledged goods in circulation is allowed in proportion to the fulfilled part of the obligation secured by the pledge, unless otherwise provided by the contract.
4. If the pledgor violates the terms of the pledge of goods in circulation, the pledgee has the right to suspend operations with them by applying his marks to the pledged goods until the violation is eliminated.
The Civil Code, the Code of Criminal Procedure, the Criminal Code, Comments on the Code of Criminal Procedure, the Normative resolution of the Supreme Court, Criminal legislation, Regulatory legal acts of the Republic of Kazakhstan
