A BILL TO BE ENTITLED AN ACT TO DIRECT THE LEGISLATIVE RESEARCH COMMISSION TO STUDY METHODS BY WHICH CONTRACTORS AND SUBCONTRACTORS WOULD GIVE NOTICE TO LIEN AGENTS UPON RECEIPT OF PAYMENT IN FULL.
Requires the Legislative Research Commission to study mechanisms by which any potential lien claimant (PLC) who has provided a notice to the lien agent would be required to notify the lien agent within 10 days of receiving payment in full for the labor, materials, rental equipment, or professional design or surveying services furnished by the PLC.
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