Blogs > NJ Real Estate Dispute

Defense or Enforcement of Construction Liens

Mar 13, 2012

A-1023 Splits General Contractors and Subcontractors

A-1023, advanced by the Assembly Labor Committee, requires that all payments by an owner of a project be kept in a trust fund until all of the contractors and subcontractors have been paid. Officers of corporations that misuse these funds can be held personally liable. Representative of general contractors say the right of subcontractors to hold liens against project owners guarantees their payment.» Read More