530. Unpaid seller's right to stoppage in transit.

When the buyer to whom goods have been shipped becomes insolvent1 the unpaid seller2 has the right of stopping them in transit3: that is to say, he may resume possession of them goods as long as they are in transit, and retain them until payment or tender of the price4. The right of stoppage is exercised by giving notice to the carrier5. If a valid notice is served the carrier must hold the goods for the seller; if he disregards it he is liable to the seller in conversion6.

If a valid notice to stop is served, it seems that