45-114. RIGHTS OF JUNIOR LIENOR. One who has a lien inferior to another, upon the same property, has a right:
1. To redeem the property in the same manner as its owner might, from the superior lien; and,
2. To be subrogated to all the benefits of the superior lien, when necessary for the protection of his interests upon satisfying the claim secured thereby.
History:
[(45-114) R.S., sec. 3338; reen. R.C. & C.L., sec. 3386; C.S., sec. 6353; I.C.A., sec. 44-114.]
Structure Idaho Code
Title 45 - LIENS, MORTGAGES AND PLEDGES
Section 45-101 - LIENS DEFINED.
Section 45-102 - GENERAL AND SPECIAL LIENS.
Section 45-103 - GENERAL LIEN DEFINED.
Section 45-104 - SPECIAL LIEN DEFINED.
Section 45-105 - SATISFACTION OF PRIOR LIEN.
Section 45-106 - CONTRACTS SUBJECT TO THIS CHAPTER.
Section 45-107 - LIEN ON FUTURE INTEREST.
Section 45-108 - LIEN FOR PERFORMANCE OF FUTURE OBLIGATIONS — VALIDITY — PRIORITY.
Section 45-109 - LIEN TRANSFERS NO TITLE.
Section 45-110 - CONTRACTS FOR FORFEITURE VOID.
Section 45-111 - PERSONAL OBLIGATION NOT IMPLIED.
Section 45-112 - PRIORITY OF PURCHASE MONEY MORTGAGE.
Section 45-113 - RIGHT TO REDEEM FROM LIEN.
Section 45-114 - RIGHTS OF JUNIOR LIENOR.
Section 45-115 - RESTORATION EXTINGUISHES LIEN.
Section 45-116 - EFFECT OF MODIFICATION ON PRIORITY OF LIEN.