Victorian Consolidated Legislation

Goods Act 1958 - SECT 71

Transfer of document of title4

71. Transfer of document of title4

Where a document of title of goods has been lawfully transferred to any person
as buyer or owner of the goods and that person transfers the document to a
person who takes it in good faith and for valuable consideration then if such
last-mentioned transfer is by way of sale the unpaid seller's right of lien or
stoppage in transitu shall be defeated and if such last-mentioned transfer is
by way of pledge or other disposition for value the unpaid seller's right of
lien or stoppage in transitu may be exercised only subject to the rights of
the transferee.