71Transfer of document of title[[3]](#endnote-4)

71 Transfer of document of title[[3]](#endnote-4) Where a document of title of goods has been lawfully transferred to any person as buyer or owner of the goods and that person transfers the document to a person who takes it in good faith and for valuable consideration then if such last‑mentioned transfer is by way of sale the unpaid seller's right of lien or stoppage in transitu shall be defeated and if such last-mentioned transfer is by way of pledge or other disposition for value the unpaid seller's right of lien or stoppage in transitu may be exercised only subject to the rights of the transferee. No. 3694 s. 70.