Construction
Aug. 16, 2003
Action on Bond Cannot Avoid Statute of Limitations on Lien
Focus Column - Construction Law - By Michaelbrent Collings - Service contracts often contain mechanic's liens to ensure that contractors who have not been paid will get a fair shot at their money. But such contracts also require prompt action if lienholders want to protect their interests. Tardiness can mean the loss of a cause of action and, consequently, losses of up to millions of dollars.
Construction Law
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