P.R. Laws tit. 10, § 439
2019-02-20 00:00:00+00
Where a negotiable receipt has been issued for goods, no seller’s lien or right of stoppage in transit shall defeat the rights of any purchaser for value in good faith to whom such receipt has been negotiated, whether such negotiation be prior or subsequent to the notification to the warehouseman who issued such receipt of the seller’s claim to a lien or right of stoppage in transit. Nor shall the warehouseman be obliged to deliver or justified in delivering the goods to an unpaid seller unless the receipt is first surrendered for cancellation.
History —Feb. 21, 1918, No. 9, p. 22, § 49.