One who has a lien upon property may pledge it to the extent of that person‘s lien.

Terms Used In North Dakota Code 35-06-04

  • 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