58-30a12. Broker precluded from receiving compensation; release or satisfaction of lien.

58-30a12

Chapter 58.--PERSONAL AND REAL PROPERTY
Part 6.--MISCELLANEOUS PROVISIONS
Article 30a.--COMMERCIAL REAL ESTATE BROKER LIEN ACT

      58-30a12.   Broker precluded from receivingcompensation; release or satisfaction of lien.If a claim for a lien has been filed with the register ofdeeds and a condition occursthat would preclude the broker from receiving compensation under the terms ofthebroker's written agreement, the broker shall record and provide the owner ofrecord awritten release or satisfaction of the lien.

      History:   L. 2005, ch. 179, § 12; July 1.