52-150. Notice of surety bond; recording; contents.
135 words·~1 min read·
/ne/chapter-52/52-150A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)If a prime contractor or owner has secured a surety bond a notice of surety bond may be recorded.
(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.