North Dakota Code 35-01-17 – Inferior lienholder may redeem – Subrogation
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Any person who has a lien inferior to another upon the same property has a right:
Terms Used In North Dakota Code 35-01-17
- 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
1. To redeem the property in the same manner as its owner might from the superior lien; and 2. To be subrogated to all the benefits of the superior lien when necessary for the protection of the person’s interests, upon satisfying the claim secured thereby.