§ 1607. Cancellation upon condition of security.
94 words·~1 min read·
/de/title-25/chapter-16-lis-pendens/1607A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In an action for the enforcement of an equitable lien, the objective of which is to secure the payment of money, the court, upon motion of any party aggrieved, as a condition of cancellation of the notice of pendency, may direct that such party post sufficient security to insure the payment of money as may, by the final determination of the action, be ascertained to be chargeable upon the affected real estate. Nothing herein contained shall preclude the posting of bond or other security by agreement of the parties as a condition of cancellation.