§ 2338 — Duration of liens in favor of firms which cease to do business

Any lien recorded in favor of a firm or corporation which, since the recording of such lien, has dissolved, ceased to do business or gone out of business for any reason, and which remains of record as a lien of such firm or corporation for a period of more than 3 years from the date of the recording thereof shall become null and void and of no further force and effect.

Legislative History

Code 1915, § 254K; 32 Del. Laws, c. 8 ; 34 Del. Laws, c. 17 ; 35 Del. Laws, c. 9, § 1 ; 40 Del. Laws, c. 32 ; Code 1935, § 5573; 21 Del. C. 1953, § 2336