Section 721.45.8. Discharge of mechanic’s lien by submission of a bond.

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45.8(1) Submission or posting of a bond. Any person may submit a bond to the administrator or post a bond to discharge a mechanic’s lien. The submitter of the bond shall provide the MNLR number so that the administrator can determine to which lien to apply the bond.
45.8(2) Acceptance of a bond. The administrator may accept a bond in twice the amount of the sum for which the claim for the lien is filed, with surety or sureties authorized to issue surety bonds in this state.
[ARC 0464C, IAB 11/28/12, effective 1/2/13]

                    
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