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State of Andhra Pradesh - Section

Section 12 in Andhra Pradesh Pawn Brokers Act, 2002

12. Redemption of pledge.

- Every pledge shall be redeemable within two years from the day of pawning, exclusive of that day.Explanation. - Where the contract between the parties provides a longer period for redemption than two years, the provisions of this section shall be read and construed as if the references to such longer period had been substituted for the references to the period of two years therein.