If the owner complies with this chapter, the owner’s liability to the lessee is limited to the application of the proceeds received from the sale of the property necessary to satisfy the lien. The owner’s liability to other lienholders is limited to the proceeds received from the sale of any property covered by the other lien, less the amount necessary to satisfy the owner’s lien.

Terms Used In North Dakota Code 35-36-07

  • 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