Part VIII Security

Pledges

114 Pawn-receipts. C1

1

At the time he receives the article, a person who takes any article in pawn under a regulated agreement shall give to the person from whom he receives it a receipt in the prescribed form (a “pawn-receipt ”).

2

A person who takes any article in pawn from an individual whom he knows to be, or who appears to be and is, a minor commits an offence.

3

This section and sections 115 to 122 do not apply to—

a

a pledge of documents of title F1or of bearer bonds, or

b

a non-commercial agreement.