§ 51514. Priority of Lien
TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51514. Priority of Lien. If property that is the subject of a lien which is acquired as provided in this article is the subject of a secured transaction in accordance with the laws of the Commonwealth, the lien: (a) In the case of a lien on a motor vehicle, heavy equipment vehicle, motor bus, motor carrier, motorcycle, moped, or motor scooter for charges for towing, storing and any related administrative fees: (1) For the first 30 days of the lien: (i) If the amount of the lien does not exceed 1,000, is a second lien. (2) After the first 30 days of the lien: (i) If the amount of the lien does not exceed 2,500, is a second lien. (b) In all other cases, if the amount of the lien: (1) Does not exceed 1,000, is a second lien. Source: PL 15-117, § 2(51414), modified.
Source: CNMI Law Revision Commission