Idaho § 45-521 RELEASE OF LIEN ON REAL PROPERTY BY POSTING SURETY BOND — HEARING ON PETITION — CONTENTS AND EFFECT OF ORDER RELEASING LIEN

Idaho Statutes

§ 45-521 — RELEASE OF LIEN ON REAL PROPERTY BY POSTING SURETY BOND — HEARING ON PETITION — CONTENTS AND EFFECT OF ORDER RELEASING LIEN

Idaho·Title 45 LIENS, MORTGAGES AND PLEDGES·Ch. 5 LIENS OF MECHANICS AND MATERIALMEN

(1)Upon the hearing, the court shall enter its order releasing the mechanic’s lien upon the petitioner’s filing in open court the original bond, and introducing into evidence a receipt for payment of the premium.

(2)The entry of the order by the court must refer to the property which is the subject of the lien and the lien itself, by instrument number, and must recite that the lien is released of record to the same extent as if released of record by the lienor.

(3)Upon entry of the order, the lien is released of record and the real property, the subject of the lien, is released from the encumbrances of the lien.

(4)There is no appeal from the entry of an order pursuant to the provisions of this section and upon entry the order is final for all purposes.

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(1) Upon the hearing, the court shall enter its order releasing the mechanic’s lien upon the petitioner’s filing in open court the original bond, and introducing into evidence a receipt for payment of the premium.
(2) The entry of the order by the court must refer to the property which is the subject of the lien and the lien itself, by instrument number, and must recite that the lien is released of record to the same extent as if released of record by the lienor.
(3) Upon entry of the order, the lien is released of record and the real property, the subject of the lien, is released from the encumbrances of the lien.
(4) There is no appeal from the entry of an order pursuant to the provisions of this section and upon entry the order is final for all purposes.

Idaho § 45-521 (RELEASE OF LIEN ON REAL PROPERTY BY POSTING SURETY BOND — HEARING ON PETITION — CONTENTS AND EFFECT OF ORDER RELEASING LIEN) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.