A payment by the owner of a building or structure to a prime contractor or subcontractor, made before 120 days from the completion of the building, is not valid to defeat or discharge a lien created by AS 34.35.050 - 34.35.120 in favor of other claimants, unless the payment is distributed among the other claimants. If a payment is distributed in part only, then the payment is valid only to the extent it is distributed.
Section: Previous 34.35.070 34.35.071 34.35.072 34.35.074 34.35.075 34.35.080 34.35.085 34.35.090 34.35.095 34.35.100 34.35.105 34.35.110 34.35.112 34.35.114 34.35.115 NextLast modified: November 15, 2016