State Act
8
Section 8. Person producing pawn-ticket presumed to be entitled to redeem the pledge.
THE KARNATAKA PAWNBROKERS ACT, 1961
Act no. 13 of 19621961In forceKarnataka (State Act)
8. Person producing pawn-ticket presumed to be entitled to redeem the pledge.—(1) The holder for the time being of a pawn-ticket shall be presumed to be the person entitled to redeem the pledge, and subject to the provisions of this Act, every pawnbroker shall on payment of the principal and interest, deliver the pledge to the person producing the pawn-ticket, and he is hereby indemnified for so doing. (2) Except as otherwise expressly provided in this Act, a pawnbroker shall not be bound to deliver back a pledge unless the pawn-ticket for it is delivered to him.