Montana Code 71-3-523. Who may claim construction lien — limitation
Current as of: 2023 | Check for updates
|
Other versions
71-3-523. Who may claim construction lien — limitation. A person who furnishes services or materials pursuant to a real estate improvement contract may claim a construction lien, only to the extent provided in this part, to secure the payment of the person’s contract price.
Terms Used In Montana Code 71-3-523
- Contract: A legal written agreement that becomes binding when signed.
- Contract price: means the amount agreed upon by the contracting parties for performing services and furnishing materials covered by the contract, increased or diminished by:
(i)the price of change orders or extras;
(ii)any amounts attributable to altered specifications; or
(iii)a breach of contract, including but not limited to defects in workmanship or materials. See Montana Code 71-3-522
- Lien: A claim against real or personal property in satisfaction of a debt.
- lien: means a lien against real estate arising under this part. See Montana Code 71-3-522
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201