Bill Summary for S 84 (2013-2014)

Printer-friendly: Click to view

Summary date: 

Feb 13 2013
S.L. 2013-17

Bill Information:

View NCGA Bill Details2013-2014 Session
Senate Bill 84 (Public) Filed Wednesday, February 13, 2013
A BILL TO BE ENTITLED AN ACT 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.

View: All Summaries for BillTracking:

Bill 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.