Section 29-1-501 – Substitute Security to Satisfy Lien; Filing and Effect Thereof; Action Upon Security.
29-1-501. Substitute security to satisfy lien; filing and effect thereof; action upon security. (a) Any lien created pursuant to this act filed against any real or personal property is satisfied if the owner of the property, contractor or subcontractor has deposited with the court having jurisdiction over the lien claim a corporate surety bond, letter […]