There Is a Newer Version
of
the Arizona Revised Statutes
2012 Arizona Revised Statutes
Title 33 Property
33-704 Performance of assessment work on mining claim by mortgagee; expense as additional debt secured by mortgage
Universal Citation:
AZ Rev Stat § 33-704 (through 2nd Reg Sess. 50th Leg. 2012)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
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33-704. Performance of assessment work on mining claim by mortgagee; expense as additional debt secured by mortgage
The mortgagee, if the mortgaged property or part thereof consists of unpatented mining claims, may perform the annual labor or improvement required by law to prevent the forfeiture of the claim, and the amount expended for that purpose shall be an additional debt secured by the mortgage, and included in the judgment of foreclosure, or, if expended after judgment, but before sale, added to the amount of the execution.
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