Every Warehouseman shall render to the depositor correct accounts and tender to him payment of the sale proceed of goods realized after the auction sale after deducting all charges legally due to him including all reasonable charges for the removal of goods and sale by public auction within a period not exceeding fifteen days from the date of such sale. He shall make payment of the net proceeds of the sale to the depositor on surrender by him of the receipt duly discharged and on payment of all charges due to the Warehouseman.
Section 28: Accounting of proceeds of auction sale
The Karnataka Warehouses Rules,1969.State Rules of Karnataka · 1962
Where this provision sits
| Act | The Karnataka Warehouses Rules,1969. |
|---|---|
| Section | 28 |
| Marginal note | Accounting of proceeds of auction sale |
| Jurisdiction | State of Karnataka |
| Status | In force as published by the source |
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