A mechanic's lien shall have precedence over all other subsequent liens or conveyances during such time; provided, that a sworn statement of the amount due and/or approximating that to accrue for such work, labor, or materials, and a reasonably certain description of the premises, shall be filed, within the ninety-day period referred to in § 66-11-115(b), or in the case of liens acquired by contract executed on or after April 17, 1972, by virtue of § 66-11-141, within ninety (90) days after completion of the structure which is or is intended to be furnished water by virtue of drilling a well, or abandonment of work on the structure, as the case may be, with the county register, who shall note the same for registration, and put it on record in the lien book in the office of the register, for which the register shall be entitled to the sums specified in § 8-21-1001, which sums shall be paid by the party filing the same; but such fees shall be receipted for on the statement of account, and shall be part of the indebtedness or charge secured by the lien, and this registration shall be notice to all persons of the existence of such lien.
In Chattanooga, Tennessee, a Notice of Lien for Corporation or LLC serves as an important legal document filed to protect the interests of creditors against property or assets owned by a corporation or limited liability company (LLC). This notice informs potential buyers, lenders, or other interested parties that a lien has been placed on the property, typically due to unpaid debts or obligations. It acts as a public record and helps ensure that creditors have priority rights to secure payment from the mentioned property. Keywords: Chattanooga, Tennessee, Notice of Lien, Corporation, LLC, creditors, property, assets, legal document, unpaid debts, obligations, buyers, lenders, public record, priority rights, secure payment. Different types of Notices of Lien for Corporation or LLC in Chattanooga, Tennessee: 1. Mechanic's Lien: A Mechanic's Lien is placed on the property by contractors or subcontractors when they have not received payment for work performed or materials supplied. 2. Tax Lien: A Tax Lien is imposed by local, state, or federal tax authorities due to unpaid taxes by a corporation or LLC. 3. Judgment Lien: A Judgment Lien is filed when a court orders a debtor to pay a certain amount to a creditor. If the debtor fails to fulfill the judgment, the creditor can place a lien on the debtor's property. 4. Mortgage Lien: A Mortgage Lien is created when a corporation or LLC takes out a loan to purchase a property, and the lender places a lien on the property as collateral until the loan is repaid. 5. UCC Financing Statement: A UCC (Uniform Commercial Code) Financing Statement is filed to establish a creditor's security interest in the assets of a corporation or LLC in case of default or non-payment. 6. State Tax Lien: A State Tax Lien is imposed by the state government when a corporation or LLC fails to pay state taxes owed. It is important for individuals and entities to be aware of these various types of liens as they can affect property ownership rights and financial transactions. If a Notice of Lien is filed against a corporation or LLC, it is crucial to address the outstanding debts promptly to avoid further complications or legal consequences.In Chattanooga, Tennessee, a Notice of Lien for Corporation or LLC serves as an important legal document filed to protect the interests of creditors against property or assets owned by a corporation or limited liability company (LLC). This notice informs potential buyers, lenders, or other interested parties that a lien has been placed on the property, typically due to unpaid debts or obligations. It acts as a public record and helps ensure that creditors have priority rights to secure payment from the mentioned property. Keywords: Chattanooga, Tennessee, Notice of Lien, Corporation, LLC, creditors, property, assets, legal document, unpaid debts, obligations, buyers, lenders, public record, priority rights, secure payment. Different types of Notices of Lien for Corporation or LLC in Chattanooga, Tennessee: 1. Mechanic's Lien: A Mechanic's Lien is placed on the property by contractors or subcontractors when they have not received payment for work performed or materials supplied. 2. Tax Lien: A Tax Lien is imposed by local, state, or federal tax authorities due to unpaid taxes by a corporation or LLC. 3. Judgment Lien: A Judgment Lien is filed when a court orders a debtor to pay a certain amount to a creditor. If the debtor fails to fulfill the judgment, the creditor can place a lien on the debtor's property. 4. Mortgage Lien: A Mortgage Lien is created when a corporation or LLC takes out a loan to purchase a property, and the lender places a lien on the property as collateral until the loan is repaid. 5. UCC Financing Statement: A UCC (Uniform Commercial Code) Financing Statement is filed to establish a creditor's security interest in the assets of a corporation or LLC in case of default or non-payment. 6. State Tax Lien: A State Tax Lien is imposed by the state government when a corporation or LLC fails to pay state taxes owed. It is important for individuals and entities to be aware of these various types of liens as they can affect property ownership rights and financial transactions. If a Notice of Lien is filed against a corporation or LLC, it is crucial to address the outstanding debts promptly to avoid further complications or legal consequences.
