A new bill awaiting the signature of Mississippi Governor Phil Bryant will expand lien rights to subcontractors in that state.
After previously passing the Senate and then overcoming some minor hurdles in the House, the state legislature advanced a final version of Senate Bill 2622 out of conference committee late last week. Once the bill is signed into law, subcontractors working in Mississippi will immediately have access to the lien rights that have previously only applied to general contractors, or any party with a direct contract with the owner of a project.
The enactment of SB 2622 would bring an end to a saga that began with the Mississippi Supreme Court's declaration last fall that the state's stop notice statute was unconstitutional. Before SB 2622 emerged, stop notices were one of the only payment protections for Mississippi subcontractors. After it was voided by the state Supreme Court's ruling, advocates scrambled to enact a new lien statute, the result of which is now SB 2622.
- Jacob Barron, CICP, NACM staff writer
Stay tuned for more in tomorrow's edition of NACM's eNews.