44-3-1. Marshaling securities among lien holders–Lien upon several things–Subordinate interest of others in some of the things–Classes of property to which resort may be had. Where one has a lien upon several things and other persons have subordinate liens upon or interests in some but not all of the same things, the person having the […]
44-3-2. Marshaling securities among lien holders–Several things within the same class and subject to same number of liens–Property to which resort may be had. When several things are within one of the classes described by §44-3-1 and subject to the same number of liens, resort must be had: (1)To the things which had not been […]
44-3-3. Redemption from lien–Manner of making–Performance of condition–Payment of damages for delay. Redemption from a lien is made by performing or offering to perform the act for the performance of which it is a security and paying or offering to pay the damages, if any, to which the holder of the lien is entitled for […]
44-3-4. Right to redeem from lien–Time for redemption. Every person having an interest in property subject to a lien has a right to redeem it from a lien at any time after the claim is due and before his right of redemption is foreclosed. Source: CivC 1877, §1714; CL 1887, §4338; RCivC 1903, §2034; RC […]
44-3-5. Inferior lien holder–Right to redeem. One who has a lien inferior to another upon the same property has a right to redeem the property in the same manner as its owner might from the superior lien. Source: CivC 1877, §1715, subdiv 1; CL 1887, §4339, subdiv 1; RCivC 1903, §2035, subdiv 1; RC 1919, […]
44-3-6. Subrogation of inferior lien holder. One who has a lien inferior to another upon the same property has a right to be subrogated to all the benefits of the superior lien when necessary for the protection of his interests upon satisfying the claim secured thereby. Source: CivC 1877, §1715, subdiv 2; CL 1887, §4339, […]
44-3-7. Satisfaction of prior lien by special lien holder–Enforcement of repayment of amount. Where a holder of a special lien satisfies a prior lien for his own protection he may enforce payment of the amount so paid by him as a part of the claim for which his own lien exists. Source: CivC 1877, §1700; […]
44-3-8. Satisfaction of lien–Execution of discharge or release by holder–Damages for failure to execute and deliver satisfaction–Attorney fees–Additional penalty. Whenever any mortgage, pledge, or other lien of any kind has been satisfied either by payment, foreclosure, or other legal means, the holder of such lien shall, within thirty days of satisfaction, deliver a sworn satisfaction […]
