Section 171 Indian Contract Act 1872 (General lien of bankers …)
Section 171 Indian Contract Act 1872
Section 171 of the Indian Contract Act 1872 is about General lien of bankers, factors, wharfingers, attorneys and policy-brokers. It is under CHAPTER IX of the Act. CHAPTER IX is titled OF BAILMENT.
General lien of bankers, factors, wharfingers, attorneys and policy-brokers
Bankers, factors, wharfingers, attorneys of a High Court and policy-brokers may, in the absence of a contract to the contrary, retain as a security for a general balance of account, any goods bailed to them; but no other persons have a right to retain, as a security for such balance, goods bailed to them, unless there is an express contract to that effect.
See also:
Section 170 Indian Contract Act 1872 (Bailee’s particular lien)