TITLE

NORTH CAROLINA LIEN LAW

AUTHOR(S)
Cornelius, Andrew T.; Laurie III, James P.
PUB. DATE
January 2006
SOURCE
Business Credit;Jan2006, Vol. 108 Issue 1, p62
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses North Carolina's lien statute that allows concerned parties to secure funds owed for their work. A provision in the North Carolina Constitution provides a constitutional right for mechanics' liens arising out of the construction process. Article 2 of the statute deals with liens of mechanics, laborers and materialmen dealing with owner and one other than owner.
ACCESSION #
19467673

Tags: LIENS;  MECHANICS' liens;  DEBTOR & creditor;  PRIORITIES of claims & liens;  STATUTES

 

Related Articles

  • The First Shall Be Last: A Contextual Argument for Abandoning Temporal Rules of Lien Priority. Mann, Ronald J. // Texas Law Review;Nov96, Vol. 75 Issue 1, p11 

    Offers a conception of lien priority rules designed to structure analysis of the propriety of first-in-time priority. Overview of the basic and traditional approach to the economics of priority; Benefits from first-in-time priority; Contest between construction lenders and the contractors that...

  • priority. Stim, Richard // Contracts: The Essential Business Desk Reference;2010, p367 

    A definition of the term "priority" is presented. It refers to the order in which people and entities from whom a person or business owes money to gets paid. Secured creditors generally have priority over unsecured creditors. Other factors that may determine priority in a particular situation...

  • Mechanic's liens in a tough economy. Callahan, Mike // Contractor Magazine;Nov2011, Vol. 58 Issue 11, p30 

    The article discusses the issues to be considered in the mechanic's liens between project owners and contractors. It mentions that the lien can be foreclosed by selling the property to the highest bidder. It says that contractors should know other types of liens or mortgages on the property...

  • Section 503(b)(9) Goods Supplier Priority - Beware of the Debtor's Setoff Rights. Nathan, Bruce // Business Credit;Feb2010, Vol. 112 Issue 2, p48 

    The article offers information on the section 503(b)(9) of the U.S. bankruptcy code. It informs that this law enables a trade creditor to set up priority of its pre-petition claim for 20-day goods. It reports that with debtor's pre-petition claims against the creditor can limit the creditor's...

  • A Dilution Mechanism for Valuing Corporations in Bankruptcy. Adler, Barry E.; Ayres, Ian // Yale Law Journal;Oct2001, Vol. 111 Issue 1, p83 

    Proposes a dilution mechanism for the valuation of corporations in bankruptcy. Discussion on the importance of the absolute priority rule and the role of markets in the context of the bankruptcy process; How the proposed dilution mechanism can mitigate difficulties that arise from market...

  • Mechanics' Liens And Construction Bonds Under Louisiana Law. Shields, Lloyd N.; Lund, III., Daniel; Bracken, Sean P. // Business Credit;Jun2006, Vol. 108 Issue 6, p40 

    The article presents information on the laws regarding construction bonds and mechanic's liens in Louisiana. It reflects on various aspects of the lien laws in the state and comments that they are strong devices in the hands of unpaid claimants. A pending house bill in the state proposes a...

  • Mechanic's Liens in Missouri. Ruzicka Jr., Leonard R.; Phillips, John R. // Business Credit;Nov/Dec2006, Vol. 108 Issue 10, p29 

    The article discusses the effectivity of mechanic liens related to the payment for work performed or supplies rendered on a construction project in Missouri. Its effectivity rely on the compliance on the procedure of mechanic's lien laws. However, if procedure are not complied contractor must...

  • BUILDING A BETTER SEATING CHART FOR SOVEREIGN RESTRUCTURINGS. Gelpern, Anna // Emory Law Journal;Summer2004, Vol. 53 Issue 3, p1115 

    Outlines the treatment of priorities in national bankruptcy. Constraints state sovereignty imposes on replicating this treatment for countries; Informal priority systems that have developed in the context of state sovereignty; Theoretical arguments for pursuing explicit and enforceable sovereign...

  • LOS CR�DITOS LABORALES Y DE LA SEGURIDAD SOCIAL EN EL CONCURSO DE ACREEDORES. Roqueta, Remedios // Cuadernos de Derecho y Comercio;jun2006, Issue 45, p11 

    The article discusses the legal provisions of Spanish commercial law regulating the treatment of payroll and social security benefits in the context of bankruptcy proceedings. It considers the procedures for communicating and recognizing benefits, describes how they are classified, and discusses...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics