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Article: WISCONSIN SUPREME COURT ISSUES RULING ON PRIME CONTRACTOR PAYMENT
- Article from:
- US Fed News Service, Including US State News
- Article date:
- June 3, 2008
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The Wisconsin Department of Justice issued the following news release:
In a case closely watched by the state's construction industry, the Wisconsin Supreme Court today ruled that a prime contractor can not keep or use payments from an owner for any purpose before paying the subcontractors on a construction project in full (or, in the case of a shortfall, proportionately). The court rejected a suggestion made by the court of appeals that the prime contractor must wait until the contract's completion before he can take any profit.
State v. Angela and Matthew Keyes involves the interpretation of Wisconsin's theft by contractor law. Under the law, money paid to a prime contractor by an owner ...