What is CHOATE LIEN? Definition of CHOATE LIEN in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
Lien which is perfected so that nothing more need be done to make it enforcible. Identity of lienor, property subject to lien and amount of lien are all established. Walker v. Paramount Engineering Co., C.A.Mich., 353 F.2d 445, 449; U. S. v. City of New Britain, Conn., Conn., 74 S.Ct. 367, 369, 347 U.S. 81, 98 L.Ed. 520. The lien must be definite and not mere ascertainable in the future by taking further steps. Gower v. State Tax Commission, 295 P.2d 162, 207 Or. 288.
More On This Topic : BANKER'S LIEN
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That's the definition of CHOATE LIEN in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.
