South Carolina § 29-5-60 Proration of payments among lienors.

South Carolina Statutes

§ 29-5-60 — Proration of payments among lienors.

South Carolina·Title 29 MORTGAGES AND OTHER LIENS·Ch. 5 MECHANICS' LIENS

(A)In the event the amount due the contractor by the owner is insufficient to pay all the lienors acquiring liens as herein provided it is the duty of the owner to prorate among all just claims the amount due the contractor.

(B)In the event the amount due a subcontractor by the contractor is insufficient to pay all the lienors acquiring liens under Section 29-5-20 as a result of supplying labor, materials, or services to that subcontractor, all just liens must be prorated by the contractor among sub-subcontractors and suppliers to that subcontractor.

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(A) In the event the amount due the contractor by the owner is insufficient to pay all the lienors acquiring liens as herein provided it is the duty of the owner to prorate among all just claims the amount due the contractor. (B) In the event the amount due a subcontractor by the contractor is insufficient to pay all the lienors acquiring liens under Section 29-5-20 as a result of supplying labor, materials, or services to that subcontractor, all just liens must be prorated by the contractor among sub-subcontractors and suppliers to that subcontractor.

South Carolina § 29-5-60 (Proration of payments among lienors.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1962 Code SECTION 45-256; 1952 Code SECTION 45-256; 1942 Code SECTION 8731; 1932 Code SECTION 8731; Civ. C. '22 SECTION 5643; 1916 (29) 686; 1992 Act No. 368, SECTION 2.