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

Section 5
Disposition versions

Full text
5. No such cereal grains, goods, wares or merchandise shall be held in pledge for any period exceeding six months; and no transfer of any such bill of lading or receipt shall be made to secure the payment of any bill, note or debt, unless the same is negotiated or contracted at the same time with the endorsement of such bill of lading or receipt.
No sale of any cereal grains, goods, wares or merchandise shall be made unless ten days’ previous notice of the time and place of such sale has been given by registered or certified letter transmitted through the post-office to the owner of such cereal grains, goods, wares and merchandise.
R. S. 1964, c. 318, s. 5; 1975, c. 83, s. 84.
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