71-2-110. Debtor's misrepresentation of value of pledge. When a debtor has obtained credit or an extension of time by a fraudulent misrepresentation of the value of property pledged by or for the debtor, the creditor may demand a further pledge to correspond with the value represented and in default of a further pledge may recover the debt immediately, though it is not actually due.
History: En. Sec. 3903, Civ. C. 1895; re-en. Sec. 5787, Rev. C. 1907; re-en. Sec. 8305, R.C.M. 1921; Cal. Civ. C. Sec. 2999; Field Civ. C. Sec. 1660; re-en. Sec. 8305, R.C.M. 1935; R.C.M. 1947, 65-114; amd. Sec. 2259, Ch. 56, L. 2009.
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