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Like many states, NewHampshire law requires that if a subcontractor doesn’t pay wages to its employees, the general contractor must pay them. any principal of the sub signing the lien waiver may also be liable to the general. RSA 275:46. If the sub falsely swears (it happens!),
It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. ” Thus far NewHampshire has enacted no such protective law for homeowners. (A
The average wage of the new jobs must equal or exceed 90% of the county average wage (as published by DED), and the company must offer health insurance and pay at least 50% of the premium for all full time employees in MO. NEWHAMPSHIRE – updated for 2014. The center also works closely with the U.S.
Eligible 504 loan uses include the purchase of land, existing buildings, new construction and the acquisition of machinery and equipment with a 10-year useful life. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. NEWHAMPSHIRE.
As discussed in an earlier blog (#60), in order to “perfect” a mechanic’s lien in NewHampshire the lienor must institute court action for the purpose of getting an attachment order, Topjian Plumbing Heating, Inc. Suppose the owner files for bankruptcy protection before that step is taken. 481 (1987).
In NewHampshire, an owner generally owes no duty to subcontractors to see that they get paid. 6, 2023), decided by NewHampshire’s bankruptcy court. Accordingly, MacMillin’s later-recorded lien was held to have priority over the mortgage. And this month, a court has finally agreed.
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