Any person who has given stop notices or bonded stop notices may join in the same action, and when separate actions are commenced, the court may consolidate them. On motion of the owner or construction lender, the court shall require all claimants to the monies withheld pursuant to stop notices and bonded stop notices to be joined in one action and the respective rights of all parties shall be adjudicated in that action.

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Terms Used In Arizona Laws 33-1065

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • Construction lender: means any mortgagee or beneficiary under a deed of trust lending funds all or a portion of which defray the cost of the construction, alteration, repair or improvement or any assignee or successor in interest of either, or any escrow holder or other party holding any monies furnished or to be furnished by the owner or any other person as a source from which to pay construction costs. See Arizona Laws 33-1051
  • Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215