statutory lien

0.01 sec.

statutory lien

A charge or claim upon property that arises by virtue of specific statutes that address the relationship between the property owner and the party given the ability to place the lien.A mechanics'and materialmen's lien is a statutory lien;a mortgage is a voluntary lien;and a lease giving the landlord rights in property located in the leased premises is a contractual lien. In bankruptcy,statutory liens are not enforceable but contractual and voluntary liens are.As a result,even if state statutes grant a landlord's lien,for example,the better practice is to also include those rights in the lease itself.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
lien mechanics' and materialmen's liens			A secured loan can be availed by a contractual agreement, statutory lien, or judgment lien. Secured Loan by Lorne Wilkinson / Finance and Investment community 15 of Virginia's Rules of Professional Conduct as placing a legal obligation on an attorney to not deliver disputed settlement funds to a client when a third party has a valid statutory lien, contract, or court order that grants an interest in the funds. Beware the ERISA health plan lien: you've negotiated a good ... by Wayne, Peter H., IV; Taylor, Mark R. / Trial The proposed legislation would also: * Reinstitute a statute of limitations on enforcing certain statutory liens (12 years) * Provide innocent spouse relief for those who file a joint return under certain circumstances In passing the bill, the Senate also made significant changes as part of a compromise to appease concerns raised by Attorney General Jim Petro. Ohio Senate passes taxpayer statute of limitations by Catalyst (Dublin, Ohio)			statement of financial condition statement of financial position Statement of Retained Earnings Statement-of-Cash-Flows Method Statements Static theory of capital structure Stationary Time Series Statism Statist Statistical Arbitrage Statistical inference Statistical Office of the European Community Statistical Tracking Error statute Statute of Frauds statute of limitations statute of repose Statute of Uses Statuten Statutory Accounting Principles Statutory Debt Limit statutory dedication Statutory Employee statutory foreclosure Statutory Investment statutory lien Statutory Merger statutory right of redemption Statutory Surplus Statutory Voting Staying Power STC STD Steady State Steenth Steepening of the yield curve STEER Analysis steering Stem the Tide Step Aside step loan Step Up Step-Down Note step-in-the-dark rule Step-Out Trading Step-Up Step-up bond Step-Up Coupon Security Step-Up In Basis step-up lease Step-Up Swap			Statutory construction Statutory Debt Limit Statutory Debt Limit Statutory Debt Limits Statutory Debt Limits Statutory declaration statutory declarations statutory dedication Statutory Dismissal and Disciplinary Procedure Statutory Dispute Resolution Procedure Statutory Employee Statutory Employees Statutory Fishing Rights Allocation Review Panel statutory foreclosure Statutory Funding Objective Statutory Health Insurance Statutory holidays Statutory holidays Statutory holidays Statutory holidays Statutory holidays Statutory Inspection of Anglican Schools Statutory Instrument Statutory Instrument Statutory interpretation Statutory invention registration Statutory investment Statutory Investments statutory law statutory law statutory lien Statutory Liquidity Ratio Statutory Management Requirement Statutory Marketing Authority Statutory Maternity Pay Statutory merger Statutory Mergers Statutory Minimum Price Statutory Minimum Solvency Margin Statutory Minimum Wage Statutory Money Purchase Illustration Statutory monopoly Statutory municipality Statutory municipality Statutory municipality Statutory Nature Conservation Organisation Statutory Non-Economic Loss Statutory Notification System of Infectious Disease Statutory Off Road Notice Statutory Off Road Notification statutory offence statutory offense Statutory offer of settlement Statutory order statutory orders Statutory Orders and Regulations Statutory Paternity Pay

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.