Nebraska Statutes 52-150. Notice of surety bond; recording; contents
(1) If a prime contractor or owner has secured a surety bond a notice of surety bond may be recorded.
Terms Used In Nebraska Statutes 52-150
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- Contract: A legal written agreement that becomes binding when signed.
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
- Service of process: The service of writs or summonses to the appropriate party.
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
(2) The notice shall be signed by the contractor or owner and by the surety company and state:
(a) The real estate being improved with a description thereof sufficient for identification;
(b) The names and addresses of the owner and the prime contractor;
(c) The name and address of the surety company and the name and address of a person on whom service of process may be made;
(d) The total sum of the bond and that the bond meets the requirements of section 52-141 ; and
(e) That the bond is for the purpose of relieving the real estate from construction liens arising under the contract between the named prime contractor and contracting owner.
Source
- Laws 1981, LB 512, § 26.