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Mechanic's liens in Missouri.(CONSTRUCTION CORNER)

Business Credit

| November 01, 2006 | Ruzicka, Leonard R., Jr.; Phillips, John R. | COPYRIGHT 2006 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

A mechanic's lien is an effective method of obtaining payment for work performed or supplies provided on a construction project. Essentially, the mechanic's lien forces the individual who owns the property to either pay for the work or face foreclosure on the property. As such, it is a very valuable tool. However, in Missouri, as with all states, mechanic's liens are valid only if the proper procedure is followed--although courts tend to construe the scope of the improvements protected by mechanic's lien laws as favorably to mechanics and material men as can legitimately be permitted. See R.L. Sweet Lumber Co. v. E.L. Lane, Inc., 513 S.W.2d 365 (Mo. banc 1974). If proper ...

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Source: HighBeam Research, Mechanic's liens in Missouri.(CONSTRUCTION CORNER)

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