Part VIII Security

Pledges

114 Pawn-receipts.

(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 F1117 to 122 do not apply to—

(a)

a pledge of documents of title F2or of bearer bonds, or

(b)

a non-commercial agreement.