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OK HB2524

Bill

Official Source

Status

Introduced

2/1/2016

Primary Sponsor

Dennis Casey

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Contractors who agree to perform labor, furnish materials, or lease/rent equipment on a property must provide lien releases from all subcontractors and suppliers involved in the project

  • Lien releases must be provided to either the property owner or the financial institution funding the project

  • Applies to both oral and written contractor agreements

  • Creates new Section 142.7 of Title 42 in Oklahoma Statutes

  • Effective date: November 1, 2016

Legislative Description

Liens; requiring contractor to provide owner a lien release from subcontractor; effective date.

Last Action

Authored by Senator Quinn (principal Senate author)

2/16/2016

Committee Referrals

Business, Labor, and Retirement Laws2/2/2016

Full Bill Text

No bill text available