Section 173
Pawnee‟s right of retainer
Chapter 10: Of bailment
Thepawnee may retain the goods pledged, not only for payment of the debt or the performance of the promise, but for the interest of the debt, and all necessary expenses incurred by him in respect of the possession or for the preservation of the goods pledged.
The Indian Contract Act, 1872 (Act No. 9 of 1872). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.
Related sections
- 170Bailee‟s particular lien
- 171General lien of bankers, factors, wharfingers, attorneys and policy-brokers
- 172“Pledge”, “Pawnor” and “Pawnee” defined
- 174Pawnee not to retain for debt or promise other than that for which goods pledged
- 175Pawnee‟s right as to extraordinary expenses incurred
- 176Pawnee‟s right where pawnor makes default