West Virginia Code 10-2A-22 – Acquisition of property on which encumbrance exists
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No property shall be acquired under this article upon which any lien or other encumbrance exists, unless at the time such property is acquired a sufficient sum of money, derived from the sale of bonds issued hereunder or otherwise, be deposited in trust to pay and redeem such lien or encumbrance in full.
Terms Used In West Virginia Code 10-2A-22
- Lien: A claim against real or personal property in satisfaction of a debt.