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ACROSS SESSIONS
- Subject Index: Since 1995
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Developed and maintained by the Division of Legislative Automated Systems.
1994 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 43-1 of the Code of Virginia is amended and reenacted as follows:
§ 43-1. Definitions.
As used in this chapter, the term "general contractor" shall include
includes contractors, laborers, mechanics, and persons furnishing
materials, who contract directly with the owner, and the term
"subcontractor" shall include includes all such contractors,
laborers, mechanics, and persons furnishing materials, who do not contract
with the owner but with the general contractor. As used in this chapter, the
term "owner" shall not be construed to mean any person holding bare legal
title under an instrument to secure a debt or indemnify a surety. As used in
this chapter, the term "mechanics' lien agent" means a person (i) designated
in writing by the owner of real estate or a person authorized to act on
behalf of the owner of such real estate and (ii) who consents in writing to
act, as the owner's designee for purposes of receiving notice pursuant to §
43-4.01. Such person shall be an attorney at law licensed to practice in the
Commonwealth, a title insurance company authorized to write title insurance
in the Commonwealth or one of its subsidiaries or licensed title insurance
agents, or a financial institution authorized to accept deposits and to hold
itself out to the public as engaged in the banking or savings institution
business in the Commonwealth or a service corporation, subsidiary or
affiliate of such financial institution. Any such person may perform
mechanics' lien agent services as any legal entity. Provided that
nothing herein shall be construed to affect pending litigation.