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The Sale of Goods Act, 1930

Section 4949 Termination of lien

In forceChapter V RIGHTS OF UNPAID SELLER AGAINST THE GOODS

Chapter V RIGHTS OF UNPAID SELLER AGAINST THE GOODS

Unpaid Seller's Lien.

s. 49

49. 49 Termination of lien (1) The unpaid seller of goods loses his lien thereon (a) when he delivers the goods to a carrier or other bailee for the purpose of transmission to the buyer without reserving the right of disposal of the goods; (b) when the buyer or his agent lawfully obtains posses-sion of the goods; (c) by waiver thereof. (2) The unpaid seller of goods, having a lien thereon, does not lose his lien by reason only that he has obtained a decree for the price of the goods.

End of s. 49.

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