North Dakota § 35-01-03 Classification of liens - General - Special - Definition

North Dakota Statutes

§ 35-01-03 — Classification of liens - General - Special - Definition

North Dakota·Title 35 Liens·Ch. 35-01 General Provisions

Liens are either general or special:

1.A general lien is one which the holder thereof is entitled to enforce as a security for the performance of all the obligations, or all of a particular class of obligations, which exist in the holder's favor against the owner of the property.

2.A special lien is one which the holder thereof can enforce only as a security for the performance of a particular act or obligation and of the obligations that may be incidental thereto.

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Liens are either general or special:
1. A general lien is one which the holder thereof is entitled to enforce as a security for the
performance of all the obligations, or all of a particular class of obligations, which exist
in the holder's favor against the owner of the property.
2. A special lien is one which the holder thereof can enforce only as a security for the
performance of a particular act or obligation and of the obligations that may be
incidental thereto.

North Dakota § 35-01-03 (Classification of liens - General - Special - Definition) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.