Current through the 2024 legislative session
Section 29-3-107 - Property not to be sold or removed after perfected lien attaches without lienholder's consent; lienholder's rights upon violation(a) Property subject to a perfected lien shall not be sold or removed from the premises where it is located without the written consent of the holder of the lien and as may be appropriate by: (i) The owner of the land; (ii) The owner of any associated oil, gas or mineral leasehold interest; (iii) The owner of any oil, gas or water pipeline; (iv) Any contractor or subcontractor; (v) The purchaser, trustee, receiver or agent of any owner; (vi) Any lessor or lessee; or (vii) Any agent of any contractor, subcontractor or purchaser. (b) If a violation of this section occurs, the lienholder is entitled to possession of the property against which a perfected lien has attached wherever located and is entitled to have the property sold for payment of the debt whether the debt is due or not.