35-06-10. Fraudulent misrepresentation of property pledged - Rights of creditor

35-06-10. Fraudulent misrepresentation of property pledged - Rights of creditor When a debtor has obtained credit or an extension of time by a fraudulent misrepresentation of the value of the property pledged by or for the debtor, the creditor may demand a further pledge to correspond with the value represented and in default thereof may recover the creditor's debt immediately though it is not actually due.