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NC S364

Bill

Official Source

Status

Introduced

3/16/2011

Primary Sponsor

Daniel Clodfelter

Click for details

Origin

Senate

2011-2012 Session

AI Summary

  • Allow cancellation of aircraft labor and storage liens when a surety bond equal to 125% of the claimed lien amount is deposited with the clerk of court.

  • Require the lienholder to release the aircraft to the owner upon deposit of the qualifying surety bond.

  • Maintain existing lien termination process requiring payment of the full amount owed and filing of a notice of satisfaction with the clerk of court.

  • Apply the new surety bond option to liens perfected on or after the effective date of this act.

Legislative Description

Cancel Aircraft Lien W/ Surety Bond Deposit

Last Action

Re-ref Com On Rules, Calendar, and Operations of the House

6/16/2011

Committee Referrals

Rules, Calendar, and Operations of the House6/16/2011
Judiciary Subcommittee A4/21/2011
Judiciary I4/7/2011
Insurance3/17/2011

Full Bill Text

No bill text available