North Carolina General Statutes 44A-55. Persons entitled to a lien on an aircraft
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Any person who has expended labor, skill, or materials on an aircraft or has furnished storage for an aircraft at the request of its owner has a perfected lien on the aircraft beginning on the date the expenditure of labor, skill, or materials or the storage commenced, for the contract price for the expenditure of labor, skill, or materials or for the storage, or, in the absence of a contract price, for the reasonable worth of the expenditure of labor, skill, or materials, or of the storage. The lien under this section survives even if the possession of the aircraft is surrendered by the lienor. (2006-222, s. 1.1.)
Terms Used In North Carolina General Statutes 44A-55
- Aircraft: As the term is defined in N. See North Carolina General Statutes 44A-50
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Lienor: A person entitled to a lien under this Article. See North Carolina General Statutes 44A-50
- Owner: As the term is defined in N. See North Carolina General Statutes 44A-50
- Person: Any individual, corporation, association, partnership, whether limited or general, limited liability company, or other entity. See North Carolina General Statutes 44A-50