North Dakota Partial Release of Lien on Assigned Overriding Royalty Interest: A Comprehensive Overview Description: A North Dakota Partial Release of Lien on Assigned Overriding Royalty Interest refers to a legal document that releases a specific portion of a previously recorded lien on an assigned overriding royalty interest in North Dakota. This document is typically entered into by the lien holder or creditor, known as the releaser, and the assignee or owner of the overriding royalty interest, known as the released. The release of lien ensures that the released's interest is no longer encumbered by the lien for the specific portion specified in the document. Keywords: North Dakota, partial release, lien, assigned overriding royalty interest, releaser, released, legal document, encumbered. Different Types: 1. North Dakota Full Release of Lien on Assigned Overriding Royalty Interest: This is a document that completely releases the lien on an assigned overriding royalty interest, removing any encumbrances entirely. 2. North Dakota Partial Release of Lien on Specified Portion of Assigned Overriding Royalty Interest: This type of release involves releasing a specific portion or percentage of the lien, allowing the released to retain ownership of the remaining interest while only partially removing the encumbrance. 3. North Dakota Temporary Partial Release of Lien on Assigned Overriding Royalty Interest: In some cases, a lien holder may agree to temporarily release the lien on an assigned overriding royalty interest for a specified period. This may enable the released to take certain actions or transactions without the lien's immediate impact, providing temporary relief. 4. North Dakota Partial Release of Lien on Assigned Overriding Royalty Interest with Conditions: This category involves a release of lien with specific conditions or requirements. For example, the release may be contingent upon the released satisfying a certain payment or performance obligation. 5. North Dakota Partial Release of Lien on Assigned Overriding Royalty Interest Amendment: This type of release amends a previously executed release of lien, modifying or updating its terms, conditions, or released portions. This document ensures clarity and accuracy in lien release transactions. 6. North Dakota Judicial Partial Release of Lien on Assigned Overriding Royalty Interest: In some cases, when a dispute related to a lien arises, a court may issue a ruling for a partial release of the lien on an assigned overriding royalty interest. Such judgments are usually based on legal evaluations and considerations presented during litigation. Remember, it is crucial to consult with legal professionals familiar with North Dakota's specific laws and regulations when drafting or executing any North Dakota Partial Release of Lien on Assigned Overriding Royalty Interest documents.
North Dakota Partial Release of Lien on Assigned Overriding Royalty Interest
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