North Dakota Code 35-20-06 – Factor’s lien – Dependent on possession
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A factor has a general lien, dependent on possession, for all that is due to that person as a factor upon all articles of commercial value that are entrusted to that person by the same principal.
Terms Used In North Dakota Code 35-20-06
- Dependent: A person dependent for support upon another.
- 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