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(9) You might ask, "Is it prudent for me to obtain a release of lien and lien rights (only) from a contractor or other lienor that I am paying when that lienor has other rights to payment (e.g., breach of contract, open account, account stated, and equitable claims if supported)?" While the lien law says that a lien release may not be required other than in the statutory form, the prudent payor will want a release of all claims for payment in one document, or if the lienor insists that only the statutory form lien release can be required to be given (for lien rights), then the payor will want a statutory lien release properly filled out and a release of contract and other claims in another form.
Best Drywall, $2,361.52 in state taxes were paid and a certificate of release of lien was filed Nov.
An owner of property that is the subject of a mechanic's lien may, either before or after the commencement of an action to enforce the lien, record a Notice of Release of Lien and Substitution of Alternate Security with the county recorder for the county in which the lien was originally recorded.
The bankruptcy court agreed and rejected the trustee's position, holding that JWJ's payment was a contemporaneous exchange for new value in the form of the initial release of lien rights, and the payment was therefore exempt from avoidance pursuant to Bankruptcy Code [section] 547(c)(1).
Prior to its amendment, [sections] 713.20(4) included an optional form for a partial release of lien to be used in conjunction with the issuance of progress payments.
Seller, Heatlhcare and Family Services; buyer, David Emrick; Release of Lien; PT E/2 Sec 24 T8SR9E (Roy Int).
For 2002 NCS is pleased to announce the release of Lien Tracker 2002 & NTO.
A "Release of Lien" form must be delivered to the person making the payment.
Automatic release of bond rights (in the same amount) by giving a release of lien.
The designation allows individuals and businesses to identify experts who can help them with tax problem resolution by securing Offers in Compromise, Installment Agreements, Penalty Abatement, Innocent Spouse Relief, Release of Liens or Levies, and many other solutions.
According to the terms of the Indenture governing the company's 7 3/8 percent Senior Secured Notes (the "Notes"), the net proceeds from the sale transaction will be deposited in the company's "Lockbox Account" and will be subject to other customary conditions and covenants relating to asset sales and release of liens on sold assets.
Under the terms of the indenture governing the company's 7% senior secured notes, the net proceeds from the sale transaction will be deposited in the company's 'Lockbox Account' and will be subject to other customary conditions and covenants relating to asset sales and release of liens on sold assets.