statutory lien
statutory lien see lien

Merriam-Webster’s Dictionary of Law. . 1996.

statutory lien
USA
A lien created by operation of law not requiring the consent of, or a security agreement with, the debtor (for example, tax liens and mechanic's liens).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • statutory lien — A lien arising under a statute, not including a security interest or judicial lien. A real estate tax lien is an example of a statutory lien. (Bernstein s Dictionary of Bankruptcy Terminology) A lien arising under a statute, not including a… …   Glossary of Bankruptcy

  • statutory lien — noun : a lien given by statutory provisions and not otherwise existing …   Useful english dictionary

  • statutory lien — A lien created by either federal or state legislatures or through court rulings. For example, a lien that banks are given against a borrower s deposits. See consensual lien and judicial lien …   Financial and business terms

  • statutory lien — A lien resting on statute. 9 Am J2d Bankr § 960. A lien existing under the common law and declared by statute, sometimes with modification of its incidents, or a lien created by statute for a situation where no right of lien existed at common law …   Ballentine's law dictionary

  • lien — / lēn/ n [Anglo French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind]: a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the… …   Law dictionary

  • Lien — For other uses, see Lien (disambiguation). Property law …   Wikipedia

  • statutory — Relating to a statute; created or defined by a statute; required by a statute; conforming to a statute @ statutory bond One that either literally or substantially meets requirements of statute. Southern Surety Co. v. United States Cast Iron Pipe… …   Black's law dictionary

  • lien — lien1 lienable, adj. /leen, lee euhn/, n. Law. the legal claim of one person upon the property of another person to secure the payment of a debt or the satisfaction of an obligation. [1525 35; < AF, OF < L ligamen tie, bandage, equiv. to liga(re) …   Universalium

  • lien — /liy(a)n/ A claim, encumbrance, or charge on property for payment of some debt, obligation or duty. Sullins v. Sullins, 65 Wash.2d 283, 396 P.2d 886, 888. Qualified right of property which a creditor has in or over specific property of his debtor …   Black's law dictionary

  • lien — /liy(a)n/ A claim, encumbrance, or charge on property for payment of some debt, obligation or duty. Sullins v. Sullins, 65 Wash.2d 283, 396 P.2d 886, 888. Qualified right of property which a creditor has in or over specific property of his debtor …   Black's law dictionary

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