Section 13
Section 13
Upon the expiration or sooner determination of any licence granted under this Act, the Registrar may, if he so thinks fit in the interest of the persons who have pledged articles with the licensee whose licence has expired or been determined, issue an order to the licensee to deliver up to an officer named in such order all pledges held in pawn by the licensee and all books and accounts kept by him in connection with his business of pawnbroking.
(2)
Such officer may take possession of all the pledges, books and accounts and, if necessary, may enter upon the premises used by the licensee and take possession of all the pledges, books and accounts and may remove the same to a place of safety.
(3)
Such officer shall hold the pledges subject to redemption in like manner in all respects as if the same were held by the licensee.
(4)
Upon redemption of, or the expiration of the period of redemption for, all the pledges in pawn such officer shall, upon payment by the licensee of all reasonable expenses incurred, hand over to the licensee the amount of all sums received from pawners as payment of moneys borrowed and profit due and all the pledges which have not been redeemed within due term and all the books and accounts.
(5)
Such officer may, with the written consent of the Registrar, enter into a contract with sureties with any person to hold the pledges upon the terms which he himself is entitled to hold them, as set out in the two preceding subsections, and may, subject to such terms, transfer the possession of the pledges, books and accounts to that person.