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Retainage does not extend the mechanics lien deadline A mechanics lien is perhaps the most powerful tool that contractors have to force payment. Mechanics lien laws have specific deadlines that contractors must follow. If they let the filing deadline lapse without filing a lien claim, lien rights may be lost forever.
Florida Supreme Court follows Texas Lamar Homes. On December 20, 2007, the Florida Supreme Court issued a ruling in United States Fire Insurance Company v. This follows the lead of the Texas Supreme Court in Lamar Homes, Inc. December 21, 2007 in insurance , litigation , news | Permalink. mechanics liens.
CGL policy -- conflict of interest between builder and insurer » April 20, 2006. The Texas Appellate Court has issued substituted concurring and dissenting opinions in Lennar v. Great American Insurance on April 11, 2006 (14-02-00860-CV). April 20, 2006 in insurance , litigation | Permalink. mechanics liens.
Florida Supreme Court follows Texas Lamar Homes » November 11, 2007. The Architect’s duty to indemnify the Owner under this provision shall be limited to the available proceeds of insurance coverage. To offset this problem, B103 permits the owner to require the architect to carry additional insurance (at the owners expense).
The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.
The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. The amount of the refund is based on the employer’s unemployment insurance tax rating.
« Colorado Governor vetoes bill prohibiting Indemnification and Additional Insureds | Main. Texas Supreme Court orders Arbitration under the FAA. The Texas Supreme Court in a recent opinion in In re Nexion Health held that the FAA trumped the Texas Arbitration Act. mechanics liens. Categories. arbitration.
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