明治民法（明治29・31年）

Where two or more persons have obtained a pledge right over one and the same thing, the privilege of sale is vested in the one who is in possession of the thing, where such possession was not obtained by coercion, or secretly, or on condition of the thing being returnable on demand.

Where, in the case of two or more pledge creditors, one is in possession of the thing itself and another of the documents vesting the right of disposal thereof, the party who first acquired such respective possession is entitled to the privilege of sale.

Bestehen mehrere Pfandrechte an derselben Sache, so geht das der Begründung nach ältere Pfandrecht dem jüngeren vor dies gilt auch dann, wenn das ältere Pfandrecht für eine künftige oder bedingte Forderung begründet worden ist.

同一物ニ付キ数個ノ質権カ存立スルトキハ前ノ設定ニ係ル質権ハ後ノ設定ニ係ル質権ニ優先ノ効力ヲ有ス前ノ設定ニ係ル質権ハ未来各条件附ノ債権トシテ設定セラレタルトキ亦同シ

- Si plusieurs gages sont constitués sur le même objet, le plus ancien droit prime le plus récent; il en est ainsi, même lorsque le plus ancien garantit seulement une créance future ou sous condition.

Where two or more persons have obtained a pledge right over one and the same thing, the privilege of sale is vested in the one who is in possession of the thing, where such possession was not obtained by coercion, or secretly, or on condition of the thing being returnable on demand.

Where, in the case of two or more pledge creditors, one is in possession of the thing itself and another of the documents vesting the right of disposal thereof, the party who first acquired such respective possession is entitled to the privilege of sale.

Where two or more persons have obtained a pledge right over one and the same thing, the privilege of sale is vested in the one who is in possession of the thing, where such possession was not obtained by coercion, or secretly, or on condition of the thing being returnable on demand.

Where, in the case of two or more pledge creditors, one is in possession of the thing itself and another of the documents vesting the right of disposal thereof, the party who first acquired such respective possession is entitled to the privilege of sale.