Section 34.35.090. Payment to contractor.

Latest version.

A payment by the owner of a building or structure to a prime contractor or subcontractor, made before 120 days from the completion of the building, is not valid to defeat or discharge a lien created by AS 34.35.050 - 34.35.120 in favor of other claimants, unless the payment is distributed among the other claimants. If a payment is distributed in part only, then the payment is valid only to the extent it is distributed.

Notes

History

(Sec. 26-1-9 ACLA 1949; am Sec. 9 ch 175 SLA 1978; am Sec. 2 ch 51 SLA 2010)

                    
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