45-115. RESTORATION EXTINGUISHES LIEN. The voluntary restoration of property to its owner by the holder of a lien thereon, dependent upon possession, extinguishes the lien as to such property, unless otherwise agreed by the parties, and extinguishes it notwithstanding any such agreement, as to creditors of the owner and persons subsequently acquiring a title to the property, or a lien thereon, in good faith and for a good consideration.
History:
[(45-115) R.S., sec. 3339; reen. R.C. & C.L., sec. 3387; C.S., sec. 6354; I.C.A., sec. 44-115.]
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.