Sections
3 entriesSection 8540Requires funds withheld under stop payment notices to pay bonded-notice claims first and unbonded-notice claims second. When funds are insufficient within either…Section 8542Limits a direct contractor’s or subcontractor’s recovery from funds withheld by a construction lender to the net amount due after deducting amounts…Section 8544Establishes that an owner’s or direct contractor’s assignment of construction-loan funds does not affect the rights of a claimant who gives the…