44-1-6. Agreement to create lien on future interest--Attachment of lien.
58 words·~1 min read·
/sd/title-44/chapter-44-1/44-1-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An agreement may be made to create a lien upon property not yet acquired by the party agreeing to give the lien, or not yet in existence. In such case the lien agreed for attaches from the time when the party agreeing to give it acquires an interest in the property and to the extent of such interest.