71-3-118. Rights of inferior lienor. A person who has a lien inferior to another upon the same property has a right to:
(1) redeem the property in the same manner as its owner might from the superior lien; and
(2) be subrogated to all the benefits of the superior lien, when necessary for the protection of the person's interests, upon satisfying the claim secured by the superior lien.
History: En. Sec. 3781, Civ. C. 1895; re-en. Sec. 5724, Rev. C. 1907; re-en. Sec. 8239, R.C.M. 1921; Cal. Civ. C. Sec. 2904; Field Civ. C. Sec. 1601; re-en. Sec. 8239, R.C.M. 1935; R.C.M. 1947, 45-302; amd. Sec. 2265, Ch. 56, L. 2009.
Structure Montana Code Annotated
Title 71. Mortgages, Pledges, and Liens
71-3-103. No lien for claim not due
71-3-105. Lien on future interest
71-3-108. Lien or contract for lien transfers no title
71-3-109. Certain contracts void
71-3-110. Enforcement of obligation by creditor
71-3-111. Creation of lien not a personal obligation
71-3-112. Holder of lien not entitled to compensation
71-3-114. Priority of purchase money mortgage
71-3-115. Order of resort to different funds
71-3-118. Rights of inferior lienor
71-3-119. Lien accessory to performance
71-3-120. Effect of partial performance
71-3-121. Extinction by sale or wrongful conversion
71-3-122. Lien extinguished by statute of limitations
71-3-123. When restoration extinguishes lien
71-3-125. Filing of agricultural lien statements