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BGB 1081. 1 If a bearer instrument or an instrument made out to order that bears a blank endorsement is the subject of usufruct , the possession of the instrument and of the renewal certificate relating to the instrument belongs to the usufructuary and the owner jointly . The possession of the interest , annuity or dividend coupons relating to the instrument belongs to the usufructuary .
BGB 1084 If a bearer instrument or an instrument made out to order that bears a blank endorsement is , under section 92 , among consumable things , the provisions of section 1067 apply .
BGB 1187 Only a debt-securing mortgage may be created for a claim under a bearer bond , under a bill of exchange or under any other instrument that can be transferred by endorsement . The mortgage is deemed to be a debt-securing mortgage , even if it is not described as such in the Land Register . The provision of section 1154 ( 3 ) does not apply . There is no claim for the deletion of the mortgage in accordance with sections 1179a and 1179b.
BGB 1292 For the pledging of a bill of exchange or any other instrument that may be transferred by endorsement , agreement between the creditor and the pledgee and the delivery of the endorsed instrument are sufficient .