Schedule a Consultation Kushnick | Pallaci PLLC was recently successful in a Suffolk County action in obtaining an order requiring a lienor to itemize its mechanic’s lien pursuant to Lien Law Section 38 and to provide a verified trust fund disclosure statement pursuant … Continue reading
Category Archives: Lien Law Section 76
The Benefits of NY Lien Law Section 76
Pursuant to Article 3A of the Lien Law, beneficiaries of construction trust funds may demand that trustees of such funds produce certain books and records of the trust so that the beneficiary may verify that all expenditures by the trustee … Continue reading
Just how does a contractor “divert trust funds”?
As contractors and attorneys become more aware of the requirements and obligations of Article 3-A of the Lien Law, otherwise known as the trust fund provisions, more and more questions arise about just what a contractor can, and cannot, do. … Continue reading
New York’s Lien Law Section 76
What is New York’s Lien Law Section 76? Pursuant to Lien Law Section 76, a beneficiary of a trust may, after thirty days of an unpaid trust claim, serve a demand requiring the trustee to verify the entries on the … Continue reading
Responding to a Demand for a Verified Statement Under Lien Law Section 76
Article 3A of the Lien Law is a potential nightmare waiting to happen for contractors. Often, the nightmare begins when the contractor is served with a Demand for a Verified Statement under Lien Law Section 76 by a trust … Continue reading