Section 18Part 4 — Pawning, Redemption and Sale
Pawnbroker to account for surplus within three years
←→ Navigate · Click subsection badges to collapse · Press ? for help
Where a pledge pawned for above one dollar is sold and appears from the pawnbroker's book to have been sold for more than the amount of the loan and profit due at the time of sale, the pawnbroker shall, on demand, pay the surplus to the holder of the Pawn-ticket, in case the demand is made within three years after the sale, the necessary costs and charges of the sale being first deducted.
If, on any such demand, it appears from the pawnbroker's book that the sale of a pledge or pledges has resulted in a surplus, and that within twelve months before or after that sale, the sale of another pledge or other pledges of the same person has resulted in a deficit, the pawnbroker may set off the deficit against the surplus, and shall be liable to pay the balance only after such set-off.