Claim of Property Subject to Security Interest

4 CMC § 51541 — under Statutory Liens.

4 CMC § 51541

TITLE 4: ECONOMIC RESOURCES

DIVISION 5: BUSINESS REGULATION

§ 51541. Claim of Property Subject to Security Interest. (a) Any person who has a security interest in the personal property perfected may claim the personal property which is subject to the security interest and to the lien for storage charges by paying the amount due, as specified in the preliminary notice of the lien, for the storage of the property, if no declaration in opposition to the sale to satisfy the lien has been executed and returned by the occupant to the owner. (b) Upon payment of the total amount due pursuant to this section, the owner shall deliver the personal property subject to the security interest to the person paying the amount of the owner’s lien. The owner is not liable to any person for any action taken pursuant to this section if the owner complied with the provisions of this article. Source: PL 15-117, § 2(51441).