35-01-21. Lien dependent on possession - Voluntary restoration of property
67 words·~1 min read·
/nd/title-35/chapter-35-01-general-provisions/35-01-21·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
extinguishes lien.
The voluntary restoration of property to its owner by the holder of a lien which is dependent upon possession extinguishes the lien as to such property unless otherwise agreed by the parties, and notwithstanding any such agreement, extinguishes it as to creditors of the owner and persons subsequently acquiring title to the property, or a lien thereon, in good faith and for a good consideration.