Bill Summary for H 174 (2011-2012)
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Summary date:
Mar 17 2011
S.L. 2011-165
Bill Information:
View NCGA Bill Details | 2011-2012 Session |
TO ENACT THE COMMERCIAL REAL ESTATE BROKER LIEN ACT.Intro. by McCormick, Gibson, Daughtry.
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Bill summary
House committee substitute makes the following changes to 1st edition.
Amends proposed Part 4 to clarify that a lien on commercial real estate is available only to the broker named in the instrument signed by the owner or the owner’s duly authorized agent (previous edition allowed signature by the buyer or tenant). Makes other technical and clarifying changes. Applies to written instruments signed by the owner of an interest in commercial real estate or the owner’s duly authorized agent on or after October 1, 2011.