60.42.050 - Deposit made pending resolution of amounts due -- Recording of receipt -- Release of notice of claim of lien. - Washington Statutes

Deposit made pending resolution of amounts due — Recording of receipt — Release of notice of claim of lien.

A notice of claim of lien against proceeds recorded under this chapter must be released without further act, upon the recording of a receipt showing the deposit with the superior court of the county in which the commercial real estate, or some part thereof, is located, of an amount equal to one and one-quarter times the amount of the lien claimed. The receipt shall be recorded in the office in which the notice of claim was recorded. The amount of the deposit in the superior court shall be held pending a resolution of amounts due to the broker and the owner.

[1997 c 315 § 6.]