"Lien by legal or equitable proceedings upon simple contract" defined.

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58-29B-74. Lien obtainable by legal or equitable proceedings--Simple contract--Exclusions.

A lien obtainable by legal or equitable proceedings upon a simple contract is one arising in the ordinary course of such proceedings upon the entry or docketing of a judgment or decree, or upon attachment, garnishment, execution, or like process, whether before, upon, or after judgment or decree and whether before or upon levy. It does not include liens which under applicable law are given a special priority over other liens which are prior in time.

Source: SL 1989, ch 436, §74.


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