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§ 1404. Effect of credit or collateral

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 49 P.S. Mechanics' Liens

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 49 P.S. Mechanics' Liens
Chapter 6. Mechanics' Lien Law of 1963 (Refs & Annos)
Article IV. Waiver of Lien; Effect of Filing
49 P.S. § 1404
§ 1404. Effect of credit or collateral
The giving of credit or the receipt of evidence of indebtedness or collateral otherwise than as provided in section 303(e)1 shall not operate to waive the right to file a claim, but where credit is given, no voluntary proceedings shall be taken by the claimant to enforce the lien until the credit period has expired.

Credits

1963, Aug. 24, P.L. 1175, No. 497, art. IV, § 404.
COMMENT--JOINT STATE GOVERNMENT COMMISSION 1964 REPORT
Adapted from Section 15, Act of 1901, as amended 1903, April 24, P.L. 297, 49 P.S. 73. The addition of the words “receipt of evidence of indebtedness” declares existing decisional law.
HISTORICAL AND STATUTORY NOTES
Prior Laws:
1901, June 4, P.L. 431, § 15.
1903, April 24, P.L. 297, § 1.
49 P.S. § 73.

Footnotes

49 P.S. § 1303.
49 P.S. § 1404, PA ST 49 P.S. § 1404
Current through 2018 Regular Session Acts 1 to 76, 80, 82, 85 to 87
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