New Jersey Statutes 2A:44A-38. Waivers of construction lien rights
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Terms Used In New Jersey Statutes 2A:44A-38
- Lien: A claim against real or personal property in satisfaction of a debt.
38. Waivers of construction lien rights are against public policy, unlawful, and void, unless given in consideration for payment for the work, services, materials or equipment provided or to be provided, and such waivers shall be effective only upon and to the extent that such payment is actually received.
L.1993,c.318,s.38.