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September 20, 2024 Rain | 62°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XV REGULATION OF TRADE
  4. Chapter 104 AGENTS, CONSIGNEES AND FACTORS
  5. Section 5 Pledge by consignee to secure antecedent debt

Section 5

Section 5: Pledge by consignee to secure antecedent debt

Section 5. If such merchandise or document is accepted in deposit or pledge for an antecedent debt due from such consignee or factor, the person receiving the same shall thereby acquire no other or further right or interest in or authority over or lien upon the same than the consignee or factor might have enforced against the actual owner.