52-2106. Lien; period of enforceability.

140 words·~1 min read·/ne/chapter-52/52-2106

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

(1)Except as provided in subsections

(2)and

(3)of this section, a lien that has become enforceable as provided in section 52-2103 shall continue to be enforceable for two years after the recording of the lien.

(2)Except as provided in subsection

(3)of this section, if an owner, holder of a security interest, mortgage, or trust deed, or other person having an interest in the commercial real estate gives the commercial real estate broker written demand to institute a judicial proceeding within thirty days, the lien lapses unless, within thirty days after receipt of the written demand, the commercial real estate broker institutes judicial proceedings.

(3)If a judicial proceeding to enforce a lien is instituted while a lien is effective under subsection

(1)or

(2)of this section, the lien continues during the pendency of the proceeding.