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RHODE ISLAND STATUTES AND CODES

§ 45-47-8 - Priority of lien.

SECTION 45-47-8

   § 45-47-8  Priority of lien. – Any lien arising under this chapter is superior to all liens, and interest, ofany other party, including any insured owner, mortgagee, or assignee exceptmortgagees and assignees of bona fide mortgages. A bona fide mortgage is onegranted for full and adequate value and consideration.

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