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Power of mortgagee to take an inventory of stock the subject of a chattel mortgage.
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27.—(1) So long as any moneys remain owing for principal or interest or costs on the security of a chattel mortgage, the mortgagee may between the hours of sunrise and sunset on any day on which a civil process may be served,—
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(a) in the case of a specific chattel mortgage, enter any land or premises (other than land or premises belonging to a bona fide purchaser for value without notice of the specific chattel mortgage, of the stock comprised in the specific chattel mortgage) on or in which the said stock is and take an inventory of the said stock, or
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(b) in the case of a floating chattel mortgage enter on the land to which the floating chattel mortgage relates and take an inventory of the stock on the land.
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(2) If any person obstructs or interferes with the mortgagee in the exercise of the powers conferred on him by subsection (1) of this section, that person shall be guilty of an offence under this section and shall be liable on summary conviction thereof to a fine not exceeding ten pounds.
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(3) References in this section to the mortgagee under a chattel mortgage shall be construed as including references to the agents and servants of the mortgagee.
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