transfer bond

transfer bond

In pretensioning, the bond stress resulting from the transfer of stress from a prestressing tendon to the concrete.
References in periodicals archive ?
24(3) provides that proper venue for a claim on a transfer bond is the county where the security was deposited.
Three weeks later, Haskell posted a lien transfer bond in the amount of $1.
Finally, if liens do attach to the project due to the nonpayment of those lienors by the general contractor from funds already paid to the contractor by the owner, the contract terms may provide that it is the contractor's duty to immediately remove those liens by posting a transfer bond.
George Graham was locked in secret talks with Leeds United's owners last night, aiming to secure a pounds 10million transfer bond.
The problems with the Florida construction lien transfer bond statute are real, but the solution offered in the March article ("Practical Solutions to the Problems Resulting from the Real Life Application of Florida's Construction Lien Transfer Bond Statute") is impractical and expensive.
The legislative intent of the transfer bond statute was simple: "to permit any owner, whether or not he is in privity with a lienor, to remove the cloud of a lien from his property against which the lien is impressed.
8) The statute further provides that at any time, and without limit, "any party having an interest in such security or the property from which the lien was transferred," almost always the lienor, can request the court to require an increase in the amount of the cash deposit or lien transfer bond if the statutory required amount of the deposit or bond that is in excess of the amount claimed in the claim of lien is insufficient to pay the lienor's attorneys' fees and court costs incurred in the action to enforce the lien.
The one-year limitations period for bringing an action on a claim of lien applies to an action against the transfer bond.
It provides clarification of time period in which to commence an action to enforce a claim against a payment bond and clarifies provisions relating to lien transfer bonds.
The government authorises the Treasury to transfer bonds equalling nearly $7 bn to the state-owned Ziraat and Halk banks, to improve their asset quality prior to privatisation.