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Terms Used In Missouri Laws 429.510

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Property: includes real and personal property. See Missouri Laws 1.020

In all cases arising under the provisions of sections 429.440 to 429.540, where notice of lien shall be filed by a subcontractor for work and labor performed, or materials furnished, such subcontractor, in case of suit brought to enforce said lien, shall not be entitled to recover, as against the corporation or individual owning the property to which the lien applies, at any greater rate for the work and labor performed, or materials furnished, than was agreed upon between said corporation or individual and the original contractor for doing said work or furnishing the materials.