| SB 0109 | Expands mechanic's lien law to include equipment rentals |
| Sponsor: | Gross | |||
| LR Number: | 0213S.01I | Fiscal Note: | 0213-01 | |
| Committee: | Commerce and Environment | |||
| Last Action: | 01/28/03 - Hearing Cancelled S Commerce and Environment | Journal page: | ||
| Committee | ||||
| Title: | ||||
| Effective Date: | August 28, 2003 | |||
SB 109 - This act establishes a mechanic's lien for persons who furnish rental equipment used in the course of alteration, construction, or repair of any building, improvement, or land. The mechanic's lien is for the reasonable rental value during the period of actual use of the equipment and any reasonable periods of nonuse of the equipment taken into account in the rental agreement. The act provides that the delivery of equipment to such building, improvement, or land creates a presumption that the equipment was used in the course of alteration, construction, or repair of the building, improvement, or land.
This act provides that a mechanic's lien for rental
equipment must be filed within six months after the date in which
the equipment was last available for use.
STEPHEN WITTE