Page:United States Statutes at Large Volume 76A.djvu/245

–149– -149§ 1579. Refiling The filing of conditional sales contracts provided for by sections 1576 and 1576 of this title shall be valid for a period of 3 years only. The validity of the filing may in each case be extended for successive additional periods of 1 year from the date of refiling by filing a copy of the original contract within 30 days next preceding the expiration of each period, with a statement attached signed by the seller, showing that the contract is in force and the amount remaining to be paid thereon. The copy, with statement attached, shall be tiled and entered in the same manner as a contract or copy filed and entered for the first time, and the registrar of property is entitled to a like fee as upon the original filing. § 1580. Cancellation of contract After the performance of the condition, upon written demand delivered personally or by registered mail by the buyer or any other person having an interest in the goods, the seller shall execute, acknowledge, and deliver to the demandant a statement that the condition in the contract has been performed. If for 10 days after such a demand the seller fails to mail or deliver a statement of satisfaction, he shall forfeit to the demandant $5 and be liable for all damages suffered. Upon presentation of a statement of satisfaction the registrar of property shall file the same and note the cancellation of the contract and the date thereof on the margin of the page where the contract has been entered. For filing and entering the statement of satisfaction the filing officer is entitled to a fee of 25 cents. § 1581. Prohibition of removal or sale without notice Unless the contract otherwise provides, the buyer may, without the consent of the seller, remove the goods from the Canal Zone and sell, mortgage, or otherwise dispose of his interest in them; but prior to the performance of the condition, such a buyer may not remove the goods from the Canal Zone, except for temporary uses for a period of not more than 30 days, unless the buyer not less than 30 days before the removal gives the seller personally or by registered mail written notice of the place to which the goods are to be removed and the approximate time of the intended removal; nor prior to the performance of the conditions shall the buyer sell, mortgage, or otnerwise dispose of his interest in the goods, unless he, or the person to whom he is about to sell, mortgage, or otherwise dispose of the same, notifies the seller in writing personally or by registered mail of the name and address of the person to whom his interest in the goods is about to be sold, mortgaged, or otherwise transferred, not less than 10 days before the sale, mortgage, or other disposal. If a buyer does so remove the goods, or does so sell, mortgage, or otherwise dispose of his interest in them without the notice or in violation of the contract, the seller may retake possession of the goods and deal with them as in case of default in payment of part or all of the purchase price. § 1582. Fraudulent injury, concealment, removal, or sale When, prior to the performance of the condition, the buyer maliciously or with intent to defraud, injures, destrovs, or conceals the goods, or remove them from the Canal Zone, without having given the notice required by section 1581 of this title, or sells, mortgages, or otherwise disposes of the goods under claim of full ownership, he shall be guilty of a crime and upon conviction thereof shall be imprisoned in jail for not more than one year or be fined not more than $600 or both.

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