Article 2116.

After the public auction, the pledgee shall promptly advice the
pledgor or owner of the result thereof.

Article 2117. Any third person who has any right in or to the thing pledged may
satisfy the principal obligation as soon as the latter becomes due and demandable.

Article 2118. If a credit which has been pledged becomes due before it is
redeemed, the pledgee may collect and receive the amount due. He shall apply the
same to the payment of his claim, and deliver the surplus, should there be any, to
the pledgor.

Article 2119. If two or more things are pledged. The pledgee may choose which
he will cause to be sold, unless there is a stipulation to the contrary. He may demand
the sale of only as many of the things as are necessary for the payment of Debt.
 Article 2120. If a third party secures an obligation by pledging his own movable
property under the provisions of Article 2085 he shall have the same rights as a
guarantor under Articles 2066 to 2070, and Articles 2077 to 2081. He is not
prejudiced by any waiver of defense by the principal obligor.

Article 2121. Pledges created by operation of law, such as those referred to in

Article 546, 1731 and 1994, are governed by the foregoing articles on the possession,
care, and sale of the thing as well as on the termination of the pledge. However, after
payment of the debt and expenses, the remainder of the price of the sale shall be
delivered to the obligor.
 Article 2122. A thing under a pledge by operation of law may be sold only after
demand of the amount for which the thing is retained. The public auction shall take
place within one month after such demand. If, without just grounds, the creditor
does not cause the public sale to be held within such period, the debtor may require
the return of the thing.

Article 2123. With regards to pawnshops and other establishments, which are
engaged in the making loans secured by pledges, the special laws and regulation
concerning them shall observed, and subsidiarily, the provisions of this Title.