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P-40.1 - Consumer Protection Act
Section 214.27
Disposition versions
214.27. A sum of money received by the merchant from a consumer must be transferred in trust. The merchant is the trustee of the sum and must deposit it in a trust account until entitled to withdraw it in accordance with section 214.28.
The sums of money held in the trust account are unassignable and unseizable.
Sections 257 to 260 apply to the merchant, with the necessary modifications.
