Schedule a Consultation The Appellate Division, Second Department, recently ruled, for the first time, that owners of construction projects are beneficiaries of the trust created under Article 3A of the Lien Law and, therefore, have standing to bring claims against contractors, and their … Continue reading
Tag Archives: Trust Funds
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