Banker's lien

Scope

The precise effect of a banker's lien varies according to the laws of a particular jurisdiction. Under English common law it applies to all property coming into the possession of the bank in the usual course of banking business,[2] subject to the important exception that it does not apply to property which is deposited with the bank for safe custody.[3]

Whilst most common law liens normally only give the lienee a passive right to retain the property, unusually, the banker's lien permits the bank the sell the relevant property.[4]

The lien does not generally extend to intangible rights, including credit balances on accounts. However those credit balances may be subject to the banker's right to combine accounts.[5]

The banker's lien may be modified or abrogated by agreement.[1]

gollark: Although maybe not with how great* 7nm has been going for them.
gollark: They should probably increase competition a bit.
gollark: Oh, that one, yes. Shame everything is tied to CUDA.
gollark: Which GPU?
gollark: > to work.<|endoftext|>What if the rules specify English grammar but not the interpreter?<|endoftext|>It's not.<|endoftext|>You can't just not be an interpreter.<|endoftext|>I mean, it's somewhat more "open to" than "actually encoding English", but you know.<|endoftext|>You said speech canNOT be implemented by users.<|endoftext|>It's not very interesting and you can't just not actually use it.<|endoftext|>I would prefer to just use a " editor" to follow more, but that doesn't make it *obinitely* a good thing.<|endoftext|>It is not!<|endoftext|>That is not what it is in the programming language.<|endoftext|>No, I mean, you can use python as a language, but it's a good language.<|endoftext|>[BACKTICKS EXPUNGED]python↑ sample output (`<|endoftext|>` is a delimiter of some sort)

References
  1. E.P. Ellinger; E. Lomnicka; C. Hare (2011). Ellinger's Modern Banking Law (5th ed.). Oxford University Press. p. 864. ISBN 978-019-923209-3.
  2. Brandao v Barnett (1846) 12 Cl 7 F 787
  3. Leese v Martin (1873) LR 17 Eq 224 at 235. The bank holds such property as bailee, and may be entitled to exercise a separate lien as such.
  4. Rosenberg v International Banking Corporation (1923) 14 Ll LR 344 at 347
  5. National Westminster Bank Ltd v Halesowen Presswork & Assemblies Ltd [1972] AC 785


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.