Arkansas Statutes

§ 18-48-808 — Disputed claim - Order to show cause

Arkansas·Title 18
(a)(1) An owner of commercial real estate may dispute a recorded notice of claim of lien against proceeds filed under this subchapter by filing a complaint in the circuit court of the county where the commercial real estate or a portion of the commercial real estate is located for an order directing the principal broker to appear before the court and show cause why a release of the notice of claim of lien against proceeds should not be granted.
(2)If after a hearing, a court determines that the owner is:
(A)Not obligated to pay the principal broker a commission under the terms of a representation agreement, it shall issue an order:
(i)Releasing the notice of claim of lien against proceeds; and (ii) Awarding costs and a reasonable attorney's fee to the owner; or (B) Obligated to pay the

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Legislative History

Acts 2005, No. 1944, § 1; 2011, No. 340, § 1.

Nearby Sections

15
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