376.220 Limit of amount of lien -- Pro rata distribution -- Liability for filing claim

211 words·~1 min read·/ky/376-220

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

in excess of amount due.

(1)The liens provided for in KRS 376.210 shall not be for a greater amount in the

aggregate than the contract price of the original contractor, and should the aggregate

amount of liens exceed the price agreed upon between the original contractor and

the owner there shall be a pro rata distribution of the original contract price among

the lien-holders.

(2)On claims for labor, materials or supplies furnished for the improvement of any

bridge, public highway or other public property owned by the state or by any county

or city, the provisions of this section for a pro rata distribution of the original

contract price among lien-holders shall not apply to liens on the unpaid balance due

the contractors, except as provided in KRS 376.240.

(3)If any person files a statement asserting a lien against any contractor on any fund

due the contractor, for an amount in excess of the amount actually due, the person

filing the lien shall be liable to any person damaged thereby to the extent of such

damage, including reasonable court costs and attorney's fees incurred by the injured

parties. Any such claim for damages may be asserted and prosecuted in the county

in which the lien statement was filed.