Acceptance of guarantee or collateral does not waive lien

Checkout our iOS App for a better way to browser and research.

    The acceptance by the vendor of any guarantee, endorsement, collateral, or other security to insure the full payment of any vendor’s lien, may not be construed as a waiver of the lien. However, the purchaser shall be credited with the proceeds from the sale of any collateral or other securities.


Download our app to see the most-to-date content.