Special Report on
Lien or Security Interest Recording
Lien or Security Interest Recording - Trends
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The Illinois Mechanics Lien Act (the "Act") offers important protection to parties that provide services, labor or materials for construction projects by granting them a right to record a mechanics lien against real property as a means to secure their right to payment. As such, the Act confers upon such parties an extraordinary right to claim a security interest in another's property and to assert a claim against the owner of that property when such parties may not otherwise have a legal basis for doing so. Because these rights are created by statute alone, however, the Act is strictly construed, and parties must ...
A mechanic's lien is a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property. The lien exists for both real property and personal property. In the realm of real property, it is called by various names, including, generically, construction lien. It is also called a materialman's lien or supplier's lien when referring to those supplying materials, a laborer's lien when referring to those supplying labor, and a design professional's lien when referring to architects or designers who ... Read More
SURVEY RESULTS FOR
LIEN OR SECURITY INTEREST RECORDING
Zeitgeist, The Movie | Final Edition [ ENGLISH subtitles ]
Security interest as a Contingent Property Right
- Microsoft PowerPoint - District Court Judges Powerpoint Dec 2007 A ...
- Sept 2009 external webcast SEC Hot Topics_v7.ppt [Compatibility Mode]