When property is pledged or mortgaged or is subject to a lien, the right and interest of the judgment debtor may be sold without taking possession of or removing the property to the place of sale, but the entire right and interest of the debtor in the property pledged or covered by each lien must be sold as one parcel, and the purchaser acquires all the right and interest of the debtor.

Terms Used In North Dakota Code 28-21-09

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Property: includes property, real and personal. See North Dakota Code 1-01-49