{"id":343,"date":"2014-10-17T15:23:59","date_gmt":"2014-10-17T15:23:59","guid":{"rendered":"http:\/\/www.michaelsmithlaw.com\/blog\/2014\/10\/mechanics-liens-part-3-acquiri.html"},"modified":"2023-11-28T13:40:10","modified_gmt":"2023-11-28T18:40:10","slug":"mechanics-liens-part-3-acquiri","status":"publish","type":"post","link":"https:\/\/www.hpindiana.law\/business-blog\/mechanics-liens-part-3-acquiri\/","title":{"rendered":"Mechanics’ Liens: Part 3. Acquiring a Lien"},"content":{"rendered":"

 <\/p>\n

[Note: This one of a series of six posts regarding mechanics’ liens:<\/p>\n

Part 1. The basics of credit risk and subcontracting.<\/a><\/p>\n

Part 2. Reallocating risk in construction projects.<\/a><\/p>\n

Part 3. Acquiring a lien.<\/a><\/p>\n

Part 4. Enforcing a lien.<\/a><\/p>\n

Part 5. Personal liability notices.<\/a><\/p>\n

Part 6. No-lien agreements.<\/a>]<\/p>\n

In the first article in this series, we discussed the basics of credit risks associated with subcontracting in an area other than construction. In the second, we examined how a mechanic’s lien reallocates those credit risks for construction contracts. In this one, we explain how a contractor or subcontactor goes about acquiring a mechanic’s lien. For a change of pace, we’ll do it in a question-and-answer format.<\/p>\n

Some caveats: First, mechanic’s lien requirement vary significantly from state to state. Given that this is the Indiana <\/span>Business Law Blog, we’ll answer the questions based on Indiana law. Also note that the Indiana Mechanic’s Lien Statute is filled with complicated, cumbersome, even archaic language that can be difficult for even lawyers to parse, so we’ll try to give answers that are more easily understood. However, that also means we may leave out some details, making the answers a bit imprecise in some circumstances. As always, this blog is not legal advice and you should not rely on it as a substitute for legal advice.<\/p>\n

Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  [Note: This one of a series of six posts regarding mechanics’ liens: Part 1. The basics of credit risk and subcontracting. Part 2. Reallocating risk in construction projects. Part 3. Acquiring a lien. Part 4. Enforcing a lien. Part 5. Personal liability notices. Part 6. No-lien agreements.] In the first article in this series, […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,6],"tags":[],"class_list":["post-343","post","type-post","status-publish","format-standard","hentry","category-construction-law-mechanics-liens","category-contract-law"],"yoast_head":"\nMechanics' Liens: Part 3. Acquiring a Lien — Indiana Business Law Blog — October 17, 2014<\/title>\n<meta name=\"description\" content=\"  In the first article in this series, we discussed the basics of credit risks associated with subcontracting in an area other than construction. 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