91st General Assembly
Summary of SB1612
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Senate Sponsors:
DILLARD.

Short description: 
SUBCONTRACTORS RIGHTS                                                      

Synopsis of Bill as introduced:
        Creates the Subcontractor's Bill of Rights Act.  Provides that  a      
   provision  in a building and construction contract making the contract      
   subject  to  the  laws  of  another  state  or  requiring  litigation,      
   arbitration, or dispute resolution to take place in another  state  is      
   void   and   unenforceable.    Provides  for  the  prompt  payment  of      
   subcontractors and suppliers.  Provides  that  the  owner  shall  make      
   monthly  progress  payments  under  the contractor.  Provides that the      
   owner may reserve a retainage from any progress payment.   Amends  the      
   Mechanics  Lien Act.  Provides that the prohibition against waivers of      
   lien  rights  does  not  affect  the  rights  of  a  third  party  who      
   detrimentally relied on the waiver.  Provides that a waiver shall  not      
   waive lien rights beyond the dollar amount stated in the waiver.            
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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