Mass. Gen. Laws ch. 104 § 5

Current through Chapter 223 of the 2024 Legislative Session
Section 104:5 - Pledge by consignee to secure antecedent debt

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.

Mass. Gen. Laws ch. 104, § 5