September 7, 2010
Recently, the Alaska Legislature passed House Bill 253 which extends the time within which to file a lien to 120 days. Under prior law, contractors, material suppliers, and service people who have not been paid by property owner for labor or goods, had 90 days from the date of completion of the work, or from the date the service ceases, to file a lien on the property to secure payment of that debt.
This extra time will give contractors, material suppliers, and service people an additional 30 days to work with property owners to secure payment or to negotiate a reasonable payment plan between a creditor and debtor.
This change is effective today, September 9, 2010. Revisions will be uploaded to the Alaska chapter in a few days to reflect the change.
Robert J. Dickson, Esquire (Contributing Author)
Atkinson, Conway & Gagnon, Inc.
Friday, September 10, 2010
Tuesday, September 7, 2010
Lien Law Online eLert for 9/2/2010 - Mississippi
September 1, 2010
Mississippi recently enacted changes to its lien and stop notice statutes, effective July 1, 2010, to provide lien protection to rental and lease equipment suppliers. Changes have been made to the Mississippi chapter.
David W. Mockbee (Contributing Author)
Mockbee Hall Drake & Hodge, P.A
Click here to visit LienlawOnline.com now!
Mississippi recently enacted changes to its lien and stop notice statutes, effective July 1, 2010, to provide lien protection to rental and lease equipment suppliers. Changes have been made to the Mississippi chapter.
David W. Mockbee (Contributing Author)
Mockbee Hall Drake & Hodge, P.A
Click here to visit LienlawOnline.com now!
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