Transfer creating equitable lien--Conditions prohibiting perfection.

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  5. Transfer creating equitable lien--Conditions prohibiting perfection.

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58-29B-71. Transfer creating equitable lien--Conditions prohibiting perfection.

No transfer which creates an equitable lien may be deemed to be perfected if there are available means by which a legal lien could be created.

Source: SL 1989, ch 436, §71.


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