A lien over a horse under this Part is extinguished—
(a) on the owner of the horse becoming entitled to recover possession of the horse under section 24D; or
(b) on the lien holder selling, exchanging, disposing of, or destroying the horse under this Part; or
(c) on the lien holder signing a notice stating that the default notice that created the lien is withdrawn.
S. 24D inserted by No. 69/2004 s. 45.