- 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 security interest or judicial lien. A real estate tax lien is an example of a statutory lien. (BankruptcyAction.com)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. (California Bankruptcy Dictionary)Under Title 11 U.S.C. Section 101:(53) The term "statutory lien" means lien arising solely by force of a statute on specified circumstances or conditions, or lien of distress for rent, whether or not statutory, but does not include security interest or judicial lien, whether or not such interest or lien is provided by or is dependent on a statute and whether or not such interest or lien is made fully effective by statute.
United Glossary of Bankruptcy Terms 2012.
- 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.
US Bankruptcy 2012.
Glossary of Bankruptcy.
Look at other dictionaries:
statutory lien — see lien Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. statutory lien … Law dictionary
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 — An interest or encumbrance held by a creditor in a debtor s real or personal property for the satisfaction of a debt. The lien may arise as a result of a consensual contract between the debtor and the creditor such as a security agreement or a… … Financial and business terms