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(a) Every pawnbroker shall retain, after the date on which a loan became due and payable, every article pledged to the pawnbroker for a redemption period of two months. During such period, the borrower may redeem the pledged articles upon payment of the principal and charges. It shall be unlawful for any pawnbroker to sell or transfer title or possession of any pledged property until the expiration of such period of redemption.

(b) If any pledged article is not redeemed within the redemption period, the pawnbroker shall become vested with all rights, title and interest of the pledgor, or assigns, to such pledged article, to hold and dispose of as the pawnbroker’s own property. Any other provision of law relating to the foreclosure and sale of pledges shall not be applicable to any pledge, the title to which is transferred in accordance with this chapter. (Code 1981 § 38-56. Code 1995 § 114-92.)

State Law References:Redemptions, K.S.A. 16-714.