North Dakota Statutes
§ 35-32-05 — Sale of aircraft authorized
If the holder of a lien under this chapter provides the notice required by section 35-32-04
and the amount due remains unpaid after the sixtieth day after the date of performance of the
last repair or maintenance, the holder of the lien may sell the aircraft at a public sale if the court
finds that the amount due is the amount specified by contract or the reasonable and usual
compensation for the repairs or maintenance work performed and the holder may then apply the
proceeds to the amount due. The lienholder shall pay any excess proceeds to the person
entitled to them.
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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