ART. 2] FACTORS' INSOLVENCY—AGRICULTURAL PRODUCTS. 207
demand and recover the same from such agent or factor, or the
trustee of such agent or factor in the event of his insolvency,
and in preference to all other creditors of such agent or factor.
1868, art. 2, sec. 10. 1860, art. 3, sec. 10. 1825, ch. 182, sec. 6
10. The said owner may also recover from any person or
body corporate the sum agreed to be paid for the purchase of
such goods, wares or merchandise, subject, however, to the same
right of set-off on the part of such person or body corporate,
against such agent or factor as is hereinbefore provided in cases
where such agent or factor shall have become insolvent; and
may demand and recover from such person or body corporate
, such goods, wares or merchandise so deposited or pledged, on
re-payment of the money or restoration of the negotiable instru-
ment so advanced, and on payment of such further sum of
money, or restoration of such other negotiable instrument (if
-any), as may have been advanced or given by such agent or
factor to such owner or on payment of a sum of money equal
to the amount of the same, or may recover from such person
or body corporate any balance or sum of money remaining in
his or its hands as the produce of the sale of such goods,
wares or merchandise, after deducting thereout the amount of
the money or negotiable instrument so advanced.
Ibid. sec. 11. 1860, art. 3, sec. 11. 1825, ch. 182, sec. 6.
U. In case of the insolvency of any agent or factor, the
owner of the goods, wares or merchandise so pledged and
. redeemed as provided in the preceding section shall be held
to have discharged pro tanto the debt due by him to the estate
of such insolvent.
Ibid. sec. 12 1860, art. 3, sec. 12. 1849, ch. 293, sec. 1.
12. No consignment of agricultural productions whatever
by the grower or producer or other owner to any commission
merchant, factor, agent or other bailee or consignee, for the
purpose of sale for the use and benefit of such grower, pro-
ducer or other owner, shall be deemed or taken to vest in such
commission merchant, agent, factor or other bailee or consignee,
any other title or right to such articles consigned, than the
. special right or title to sell and deliver the same to a fair and
bona fide purchaser for a valuable consideration.
|
![clear space](../../../images/clear.gif) |