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C-53 - Act respecting bills of lading, receipts and transfers of property in stock

Section 18
Disposition versions

Full text
18. The indemnity payable by reason of the loss or deterioration of any transferred property belongs to the transferee up to the amount of his claim. Payment made in good faith to the transferor before notification discharges the debtor.
The transferee may allocate the indemnity to the payment of the debt or remit it to the transferor to repair or replace the property contemplated.
1982, c. 55, s. 2.
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