CANCEL AIRCRAFT LIEN W/SURETY BOND DEPOSIT.

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View NCGA Bill Details2011-2012 Session
Senate Bill 364 (Public) Filed Wednesday, March 16, 2011
TO REQUIRE THE CANCELLATION OF AN AIRCRAFT LABOR AND STORAGE LIEN WHEN A SURETY BOND IN AN AMOUNT EQUAL TO ONE AND ONE FOURTH TIMES THE AMOUNT OF THE LIEN CLAIMED IS DEPOSITED WITH THE CLERK OF COURT.
Intro. by Clodfelter.

Status: Re-ref Com On Rules, Calendar, and Operations of the House (House Action) (Jun 16 2011)
S 364

Bill Summaries:

  • Summary date: Mar 16 2011 - View Summary

    Amends GS 44A-75 as the title indicates. Additionally provides that upon the deposit of the surety bond in the specified amount, the lien holder or the lien holder’s agent is to release the aircraft to the owner, if the lien holder has possession of the aircraft. Effective when the act becomes law and applies to liens perfected under Article 5 of GS Chapter 44A on or after that date.