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<a href="http://www.accessmylibrary.com/coms2/summary_0286-27271619_ITM" title="Facts and information about Texas Mechanic's and Materialman's Liens--The Basics. (Construction Corner).">Texas Mechanic's and Materialman's Liens--The Basics. (Construction Corner).</a>
Texas Mechanic's and Materialman's Liens--The Basics. (Construction Corner).
Business Credit
|
November 01, 2001 |
Lindley, Randall K.; Hicks, Rebecca A. |
COPYRIGHT 2001 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
INTRODUCTION
The statutory scheme governing the construction industry in Texas is very complex due to the Texas Legislature's efforts to create a system that is fair to all segments of the construction industry. Since the days of the Republic of Texas, the premise behind Texas lien law has been that anyone who improves an owner's real property should have a lien on that property to the extent of the value that was added to the property to ensure that the property owner does not receive added value without paying for it. This general principal was clearly set out in the Texas Constitution as early as 1869. Consistent with the Constitution, the Texas Legislature ...
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Source: HighBeam Research, Texas Mechanic's and Materialman's Liens--The Basics. (Construction...