The third part is about the effect of the bill hypothecation.
文章第三部分，是票据质押的法律效力问题。
The double hypothecation mechanism is bulied for separate risk.
建立了旨在分散风险的再担保机制。
The form of circulation are transfer, hypothecation, change, contribution and donation.
流转的方式主要是转让、出租、抵押、入股和置换，当然还可以进行赠与。
Section 9-security Transaction of Uniform Commercial Code is also applied to chattel hypothecation.
《美国统一商法典》第九章担保交易法的规定适用于动产抵押的制度。
Section 9-security Transaction of Uniform Commercial Code is also applied to chattel hypothecation.
《美国统一商法典》第九章担保交易法的规定适用于动产抵押的制度。
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