Current through the 2024 Fourth Special Session
Section 38-1a-405 - Preconstruction liens on equal footing(1) Each preconstruction lien on a project property is on equal footing with every other preconstruction lien on the project property, regardless of: (a) when the claimant submitted the claimant's notice of preconstruction service for recording;(b) when the claimant submitted the claimant's notice of preconstruction lien for recording; or(c) when the preconstruction service related to the lien occurs.(2) Subsection (1) does not affect the priority of a construction lender's mortgage or trust deed, as established under this chapter.Added by Chapter 464, 2013 General Session ,§ 7, eff. 5/14/2013.