One who has allowed another to assume the apparent ownership of property for the purpose of making any transfer of it cannot set up that person's own title to defeat a pledge of the property made by the other to a pledgee who received the property in good faith in the ordinary course of business and for value.
N.D. Cent. Code § 35-06-05
Pledge by apparent owner - Effect - Estoppel of actual owner
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.