Idaho § 45-524 RELEASE OF LIEN ON REAL PROPERTY BY POSTING SURETY BOND — EXCEPTION TO SUFFICIENCY OF SURETY

Idaho Statutes

§ 45-524 — RELEASE OF LIEN ON REAL PROPERTY BY POSTING SURETY BOND — EXCEPTION TO SUFFICIENCY OF SURETY

Idaho·Title 45 LIENS, MORTGAGES AND PLEDGES·Ch. 5 LIENS OF MECHANICS AND MATERIALMEN

(1)The lien claimant may, within two (2) days after the service of a copy of the petition for release of the lien with a copy of the bond attached thereto pursuant to section 45-520, Idaho Code, file with the clerk of the court in the action a notice excepting to the sufficiency of the surety on the bond, and shall, at the same time and together with that notice, file an affidavit setting forth the grounds and basis of the exceptions to the surety, and shall serve a copy of the notice and a copy of the affidavit upon the attorney or the petitioner on the same date as the date of filing of the notice and affidavit. A hearing must be had upon the justification of the surety at the same time as that set for the hearing on the petition for an order to release the lien.

(2)If the lien claiman

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(1) The lien claimant may, within two (2) days after the service of a copy of the petition for release of the lien with a copy of the bond attached thereto pursuant to section 45-520, Idaho Code, file with the clerk of the court in the action a notice excepting to the sufficiency of the surety on the bond, and shall, at the same time and together with that notice, file an affidavit setting forth the grounds and basis of the exceptions to the surety, and shall serve a copy of the notice and a copy of the affidavit upon the attorney or the petitioner on the same date as the date of filing of the notice and affidavit. A hearing must be had upon the justification of the surety at the same time as that set for the hearing on the petition for an order to release the lien.
(2) If the lien claimant fails to file and serve the notice and affidavit within two (2) days after the service of the petition for release of the lien, he shall be deemed to have waived all objection to the justification and sufficiency of the surety.

Idaho § 45-524 (RELEASE OF LIEN ON REAL PROPERTY BY POSTING SURETY BOND — EXCEPTION TO SUFFICIENCY OF SURETY) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.