North Dakota Code 35-27-20 – Collateral security does not impair lien – Exception
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The taking of collateral or other security for an indebtedness for which a lien might be claimed under the provisions of this chapter in no way impairs the right to the lien unless the security, by express agreement, is given and received in lieu of the lien.
Terms Used In North Dakota Code 35-27-20
- Lien: A claim against real or personal property in satisfaction of a debt.