71-3-118. Rights of inferior lienor.
69 words·~1 min read·
/mt/title-71/chapter-3/part-1/71-3-118·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
71-3-118 . Rights of inferior lienor. A person who has a lien inferior to another upon the same property has a right to:
(1)redeem the property in the same manner as its owner might from the superior lien; and
(2)be subrogated to all the benefits of the superior lien, when necessary for the protection of the person's interests, upon satisfying the claim secured by the superior lien.