7 Bill of sale with power to seize except in certain events to be void

7  Bill of sale with power to seize except in certain events to be void

Personal chattels assigned under a bill of sale shall not be liable to be seized or taken possession of by the grantee for any other than the following causes:—

(1)     If the grantor shall make default in payment of the sum or sums of money thereby secured at the time therein provided for payment,

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