Lien Law Unlikely To Change– Yet

more+
less-

For those of you following the proposed revisions to the NC lien law that is currently at the NC House Judiciary Subcommittee B, a quick update: the proposed bill (HB 489) is unlikely to be voted on this legislative session due to its unpopularity with several constituency groups, including both the AIA-North Carolina and the NC Home Builders Association.

According to NC Bar Association Construction Law section chair, Nan Hannah, a vote is unlikely in this legislative session. However, there is the potential for a study commission to continue the conversation and discuss alternative lien law changes that might satisfy all constituents.

Such a study commission will only occur is Subcommittee Chairman Paul Stam hears from those in the industry that such a study commission is desired. In addition to the Construction Section of the Bar, the American Subcontractors Association of the Carolinas supports the idea, as do other industry groups.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Construction Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Melissa Dewey Brumback, Ragsdale Liggett PLLC | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »