Sections
6 entriesSection 2872Defines a lien as a charge imposed on specific property, other than through a transfer in trust, that makes the property security…Section 2873Defines liens as belonging to one of two categories: general liens or special liens. Establishes those two classifications as the categories applicable…Section 2874Defines a general lien as a lien the holder may enforce as security for performance of all obligations, or all obligations within…Section 2875Defines a special lien as a lien enforceable only as security for performance of a particular act or obligation and obligations incidental…Section 2876Allows a holder of a special lien who is compelled to satisfy a prior lien for the holder’s own protection to recover…Section 2877Establishes that contracts of mortgage, pledge, bottomry, or respondentia are subject to all provisions of the chapter containing this rule. Each of…