In forceUpdated to 1 Jan 2006Current version · Updated to 1 Jan 2006
Contracts Act 1950 · Updated to 1 Jan 2006 · Part IX · Of Bailment
124. General lien of bankers, factors, wharfingers, advocates and policy brokers
Feedback & supportBankers, factors, wharfingers, advocates and policy brokers may, in the absence of a contract to the contrary, retain, as a security for a general balance of account, any goods bailed to them; but no other persons have a right to retain, as a security for such balance, goods bailed to them, unless there is an express contract to that effect.
Bailments of Pledges