State Codes and Statutes

Statutes > Alabama > Title35 > Chapter11 > 35-11-2

Section 35-11-2

Rights of inferior lienors.

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.

(Code 1923, §8936; Code 1940, T. 33, §2.)

State Codes and Statutes

Statutes > Alabama > Title35 > Chapter11 > 35-11-2

Section 35-11-2

Rights of inferior lienors.

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.

(Code 1923, §8936; Code 1940, T. 33, §2.)

State Codes and Statutes

State Codes and Statutes

Statutes > Alabama > Title35 > Chapter11 > 35-11-2

Section 35-11-2

Rights of inferior lienors.

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.

(Code 1923, §8936; Code 1940, T. 33, §2.)