Section 21-48A-2 - Lien released upon failure of junior lienholder to redeem.
21-48A-2. Lien released upon failure of junior lienholder to redeem. A junior lienholder may redeem the real property pursuant to § 21-48A-5. If a junior lienholder fails to redeem its lien as provided in this chapter, its lien shall be released from the property.
Source: SL 1991, ch 185, § 2.