| Commentary

5 General lien

| Commentary

2: FORMS OF SECURITY FOR CREDIT FACILITIES

5 General lien

Bankers have a general lien in respect of all securities which normally come into their hands as part of their business1, and in respect of bills, cheques or other negotiable instruments deposited with the bank in order that the bank may collect the proceeds. The lien may be excluded by an express or implied contract inconsistent with the existence of the lien. Securities deposited for a specific purpose such as safe custody are not subject to the lien2. Nor does the lien attach to any money or security known to the

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