§ 3502. Payments to contractor impressed with trust.
73 words·~1 min read·
/de/title-6/chapter-35-building-construction-payments/3502·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All moneys or funds received by a contractor in connection with a contract for the erection, construction, completion, alteration or repair of any building or for additions to a building and all moneys or funds received by a contractor in connection with a contract for the sale of land and the erection, construction, completion, alteration or repair of any building or addition thereon, shall be trust funds in the hands of the contractor.