Rhode Island General Laws 34-29-5. Sale of goods – Notice – Disposition of proceeds
When any processor may have a lien upon the goods and property of others that may have come into their possession, and the amount due shall remain due and unpaid either in whole or in part, for two (2) months after the lien becomes due and payable, it shall be lawful for the processor to expose the goods and property for sale, and sell at public auction, upon notice of sale being first published for two (2) weeks at least once in each week, preceding the day of sale, in some newspaper published in the county in which the goods or property are located, and a copy of the printed notice being mailed to the owner or owners, if known, at least five (5) days before the day of sale, if their post office addresses can be ascertained; and the proceeds of the sale shall be applied to the payment of the lien and the expenses of the sale; and no more of the goods or property shall be sold, if easily separated or divided, than shall be necessary, as near as may be, to pay the lien and expenses, and the balance of the proceeds of sale of the goods or property, if any, shall be paid to those entitled thereto. Nothing in this section shall be construed to be in derogation of the right of the lienor to enforce the lien by any other lawful procedure.
History of Section.
P.L. 1929, ch. 1354, § 4; G.L. 1938, ch. 446, § 4; G.L. 1956, § 34-29-5.
Terms Used In Rhode Island General Laws 34-29-5
- Lien: A claim against real or personal property in satisfaction of a debt.
- Owner: means all persons, partnerships, and corporations having title to the property herein described, either at law or in equity, or having a lien or encumbrance on the same or having any interest whatsoever in the same, excepting the lien of the processor herein created. See Rhode Island General Laws 34-29-1
- Processor: means all persons, partnerships, and corporations engaged or that may be engaged in the business of spinning, throwing, manufacturing, bleaching, mercerizing, dyeing, weighting, printing, finishing, dressing, or scraping, or otherwise treating or processing of linen, cotton, wool, silk, artificial silks, yarns, or goods, skins, pelts, furs, or hides, or goods of which linen, cotton, wool, silk, artificial silk, skins, pelts, furs, or hides form a component part. See Rhode Island General Laws 34-29-1
- Property: means linen, cotton, wool, silk, artificial silk, yarn or goods, skins, pelts, furs, or hides, or goods of which linen, cotton, wool, silk, artificial silk, skins, pelts, furs, or hides form a component part. See Rhode Island General Laws 34-29-1