North Dakota Statutes
§ 35-01-21 — Lien dependent on possession - Voluntary restoration of property extinguishes lien
extinguishes lien.
The voluntary restoration of property to its owner by the holder of a lien which is dependent
upon possession extinguishes the lien as to such property unless otherwise agreed by the
parties, and notwithstanding any such agreement, extinguishes it as to creditors of the owner
and persons subsequently acquiring title to the property, or a lien thereon, in good faith and for a
good consideration.
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North Dakota § 35-01-21 (Lien dependent on possession - Voluntary restoration of property extinguishes lien) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 35-01-01
Scope of statutes relating to liens§ 35-01-02
Definition of lien§ 35-01-05.1
When security interest in vehicle valid§ 35-01-05.2
Priority of liens securing future advances§ 35-01-06
Obligations not in existence§ 35-01-08
Lien transfers no title§ 35-01-09
Recorder to file and index lien