mechanics lien


Also found in: Dictionary, Thesaurus, Encyclopedia, Wikipedia.
References in periodicals archive ?
A mechanics lien gives a creditor a good position because it has an interest in the debtor's property.
The mechanics lien claims of both contractors and subcontractors must be verified by the affidavit of the claimant and must contain:
In connection with privately owned construction projects, there is a potential right to a mechanics lien, the right to reach unexpended construction funds (often referred to as a notice to withhold), and in some circumstances, to a labor and material bond.
Our future agenda includes establishing a library of the actual mechanics lien and bond laws of each state and making it available to NACM members.
Briefly stated, Owens-Corning had perfected a mechanics lien on an automobile plant in Michigan several weeks prior to the preferential period.
As a result of I&C's failure to timely pay Northeast, Northeast sent notices of intent to file mechanics liens on the non-debtor real property to the third party owners.
Where improvements are made to an existing improvement covered by a permanent loan deed of trust, the deed of trust will take priority over the mechanics liens.
Material suppliers, subcontractors, and general contractors for the improvement of real property are aware that mechanics liens are often the only recourse for protecting the assets of the company.