Encumbrance taken for security exempt.

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47-9A-6. Encumbrance taken for security exempt.

The restrictions provided in §§47-9A-1 and 47-9A-3 do not apply to a bona fide encumbrance taken for purposes of security.

Source: SL 1974, ch 294, §4 (1); SL 2004, ch 277, §4.


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