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This entry was published on 2014-09-22
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SECTION 206
Enforcement by action; when and in what courts; procedure in action to foreclose real property mortgage applicable in actions to foreclos...
Lien (LIE) CHAPTER 33, ARTICLE 9
§ 206. Enforcement by action; when and in what courts; procedure in
action to foreclose real property mortgage applicable in actions to
foreclose a mortgage or other lien. An action may be maintained to
foreclose a lien upon a chattel, for a sum of money, in any case where
such a lien exists at the commencement of the action. The action may be
brought in any court, of record or not of record, which would have
jurisdiction to render a judgment, in an action founded upon a contract,
for a sum equal to the amount of the lien. For the purposes of this
section and of sections two hundred seven to two hundred ten inclusive a
chattel mortgage to secure the payment of a loan of money or other debt,
or the purchase price of chattels, a contract of conditional sale of
personal property, a hiring of personal property where title is not to
vest in the person hiring until payment of a certain sum and a security
interest created by a security agreement in personal property, shall be
deemed a lien upon a chattel. The procedure in an action to foreclose a
mortgage on real property, in so far as it may be applicable, shall
apply in actions to foreclose a mortgage or other lien on chattels or
other personal property.