Section 74 of the Railways Act, 1989 – Passing of property in the goods covered by railway receipt

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Section 74: Passing of property in the goods covered by railway receipt

The property in the consignment covered by a railway receipt shall pass to the consignee or the endorsee, as the case may be, on the delivery of such railway receipt to him and he shall have all the rights and liabilities of the consignor.

Source: official text of The Railways Act, 1989 as published on India Code (PDF). All sections of the Railways Act, 1989.

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