Bill Text | History of Actions | Background | Title |
Description: Commercial Real Estate Broker Lien Act; create.
Bill Text: [Introduced]
| 1 | 02/21/00 | (S) | Referred To Business and Financial Institutions | |
| 2 | 03/07/00 | (S) | Died In Committee |
| Effective date | July 1, 2000 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No |
Senate Committee:
Principal Author: Hewes
Title: AN ACT TO CREATE THE COMMERCIAL REAL ESTATE BROKER LIEN ACT; TO DEFINE CERTAIN TERMS; TO ESTABLISH A COMMERCIAL REAL ESTATE BROKER LIEN AND TO SPECIFY WHICH PERSONS ARE ENTITLED TO THE LIEN; TO PROVIDE FOR THE FILING OF THE NOTICE OF THE LIEN AND ITS CONTENTS; TO PROVIDE FOR THE ENFORCEMENT OF THE LIEN IN THE CIRCUIT COURT OF THE COUNTY WHERE THE COMMERCIAL REAL ESTATE IS LOCATED; TO PROVIDE FOR THE PRIORITY OF LIENS; TO REQUIRE THE ESTABLISHMENT OF AN ESCROW ACCOUNT WHEN A NOTICE OF LIEN HAS BEEN FILED THAT WOULD PREVENT THE CLOSING OF A TRANSACTION OR CONVEYANCE; TO PROVIDE FOR THE RELEASE OR SATISFACTION OF THE LIEN; AND FOR RELATED PURPOSES.
End Of Document
2000/html/History/SB/SB2957.htm