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Article: Mechanic's Liens in Minnesota.
- Article from:
- Business Credit
- Article date:
- February 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nearly two thousand years ago the Greek philosopher Plutarch wrote; "Men who love building are their own undoers, and need no other enemies." Many an ancient aristocrat blew the budget building his palace. We can imagine all too clearly the financial chaos, which must have resulted to the contractors and suppliers. Two thousand years later, there is still allure and peril in construction. Hopefully, however, we have gotten smarter about managing the risks.
The Romans invented a type of mechanic's lien to protect workman and suppliers. Thomas Jefferson borrowed the idea to help with the building of Washington, D.C. Minnesota adopted its mechanic's lien law in the ...