North Dakota Code 35-15-06 – Foreclosure – When lienholders joined in action
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Any person holding a miner’s lien may foreclose the same in the same manner as a construction lien may be foreclosed. In an action for the foreclosure of such lien, each person claiming a lien upon the property charged must be made a party to the action, and the rights of all parties must be determined by the court and such order made in regard thereto as shall preserve and protect the rights of all parties.
Terms Used In North Dakota Code 35-15-06
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Property: includes property, real and personal. See North Dakota Code 1-01-49