§ 2338. Duration of liens in favor of firms which cease to do business.
71 words·~1 min read·
/de/title-21/chapter-23-title-and-liens/subchapter-ii-liens/2338·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any lien recorded in favor of a firm or corporation which, since the recording of such lien, has dissolved, ceased to do business or gone out of business for any reason, and which remains of record as a lien of such firm or corporation for a period of more than 3 years from the date of the recording thereof shall become null and void and of no further force and effect.