State Codes and Statutes

Statutes > New-york > Lie > Article-2 > 31

§ 31. Discharge of liens on sale of real property. In case an owner of  real  property  upon  which  an  improvement  is being or has been made,  desires to convey or transfer an interest in such real property  or  any  part  thereof,  and in case lienors having mechanics' liens against such  real property, or any part thereof, notices of which were filed prior to  the making of the deposit hereinafter in  this  section  mentioned,  and  which  said  liens have not been discharged as in this article provided,  shall, to the extent of at least fifty-five per centum of the  aggregate  amount  for  which  such  liens  have been so filed, by an instrument or  instruments in writing, duly acknowledged, designate and  authorize  one  or  more  persons  to consent to the execution and delivery of a deed or  deeds conveying said real property or any part thereof, and in case  the  consent  in writing, duly acknowledged, of such person or persons to the  execution and delivery of such deed or deeds,  and  which  said  consent  shall  be  conditioned  for the deposit of a specified sum of money with  the clerk of such county, shall be filed in the office of the  clerk  of  the  county  where  such  real  property is situated, together with such  instrument or instruments of designation, then on the  deposit  of  such  specified sum with such county clerk all mechanics' liens, judgments and  attachments,  and  all  claims and liens acquired in any proceeding upon  such judgments or under such  attachments  against  such  real  property  shall  from  the  time of such deposit cease to be liens or encumbrances  upon such real property, and such real  property  shall  thenceforth  be  free  and  discharged  from  the same, and the same shall thenceforth be  liens upon such sum so deposited and said county clerk upon such deposit  being made shall forthwith enter upon the lien docket, indexed with  the  name  of  such  owner,  the facts relating to such deposit. A deposit of  money made as prescribed in this section shall be repaid to  such  owner  or  his  assignee  upon  the discharge or release of all such mechanics'  liens, judgments and attachments. All deposits of money made as provided  in this section shall be considered as paid  into  court  and  shall  be  subject  to  the provisions of law relative to the payment of money into  court and the surrender of such money by order of the court.  The  court  shall  in  any  action  brought to foreclose any of such liens or in any  action brought to recover such deposit or any part thereof,  direct  the  payment  of such sum so deposited to the persons whose mechanics' liens,  judgments, or claims secured by attachment shall have  been  established  upon  the  trial,  and  the  amount  so paid shall be credited upon such  mechanics' liens, judgments and claims. Upon such deposit being made  as  hereinbefore   provided  the  lien  of  all  judgments  and  attachments  affecting such real property, and all claims and liens acquired  in  any  proceedings upon such judgments or under attachments shall be liens upon  such deposit. All judgments recovered upon the attachments issued upon a  claim  which, in whole or in part, is not for materials furnished, labor  performed or moneys advanced for the improvement of such real  property,  shall  be  subordinate  as  a  lien  upon  such  sum so deposited to all  mechanics' liens thereon, and shall also be subordinate to all judgments  recovered  upon  and  attachments  issued  upon  claims  for   materials  furnished,  labor  performed  or  moneys advanced for the improvement of  such real property. In case such consent shall be conditioned  also  for  the  giving  to  one  or  more  persons  or  a corporation as trustee or  trustees any other property real or personal then  any  cash  thereafter  from  time  to  time tendered by such trustee or trustees to such county  clerk shall be received and held by such county clerk as though the same  were part of the specified sum of money for the deposit  of  which  such  consent  was  conditioned,  and for the same purposes and subject to the  same provisions as in this section provided therefor.

State Codes and Statutes

Statutes > New-york > Lie > Article-2 > 31

§ 31. Discharge of liens on sale of real property. In case an owner of  real  property  upon  which  an  improvement  is being or has been made,  desires to convey or transfer an interest in such real property  or  any  part  thereof,  and in case lienors having mechanics' liens against such  real property, or any part thereof, notices of which were filed prior to  the making of the deposit hereinafter in  this  section  mentioned,  and  which  said  liens have not been discharged as in this article provided,  shall, to the extent of at least fifty-five per centum of the  aggregate  amount  for  which  such  liens  have been so filed, by an instrument or  instruments in writing, duly acknowledged, designate and  authorize  one  or  more  persons  to consent to the execution and delivery of a deed or  deeds conveying said real property or any part thereof, and in case  the  consent  in writing, duly acknowledged, of such person or persons to the  execution and delivery of such deed or deeds,  and  which  said  consent  shall  be  conditioned  for the deposit of a specified sum of money with  the clerk of such county, shall be filed in the office of the  clerk  of  the  county  where  such  real  property is situated, together with such  instrument or instruments of designation, then on the  deposit  of  such  specified sum with such county clerk all mechanics' liens, judgments and  attachments,  and  all  claims and liens acquired in any proceeding upon  such judgments or under such  attachments  against  such  real  property  shall  from  the  time of such deposit cease to be liens or encumbrances  upon such real property, and such real  property  shall  thenceforth  be  free  and  discharged  from  the same, and the same shall thenceforth be  liens upon such sum so deposited and said county clerk upon such deposit  being made shall forthwith enter upon the lien docket, indexed with  the  name  of  such  owner,  the facts relating to such deposit. A deposit of  money made as prescribed in this section shall be repaid to  such  owner  or  his  assignee  upon  the discharge or release of all such mechanics'  liens, judgments and attachments. All deposits of money made as provided  in this section shall be considered as paid  into  court  and  shall  be  subject  to  the provisions of law relative to the payment of money into  court and the surrender of such money by order of the court.  The  court  shall  in  any  action  brought to foreclose any of such liens or in any  action brought to recover such deposit or any part thereof,  direct  the  payment  of such sum so deposited to the persons whose mechanics' liens,  judgments, or claims secured by attachment shall have  been  established  upon  the  trial,  and  the  amount  so paid shall be credited upon such  mechanics' liens, judgments and claims. Upon such deposit being made  as  hereinbefore   provided  the  lien  of  all  judgments  and  attachments  affecting such real property, and all claims and liens acquired  in  any  proceedings upon such judgments or under attachments shall be liens upon  such deposit. All judgments recovered upon the attachments issued upon a  claim  which, in whole or in part, is not for materials furnished, labor  performed or moneys advanced for the improvement of such real  property,  shall  be  subordinate  as  a  lien  upon  such  sum so deposited to all  mechanics' liens thereon, and shall also be subordinate to all judgments  recovered  upon  and  attachments  issued  upon  claims  for   materials  furnished,  labor  performed  or  moneys advanced for the improvement of  such real property. In case such consent shall be conditioned  also  for  the  giving  to  one  or  more  persons  or  a corporation as trustee or  trustees any other property real or personal then  any  cash  thereafter  from  time  to  time tendered by such trustee or trustees to such county  clerk shall be received and held by such county clerk as though the same  were part of the specified sum of money for the deposit  of  which  such  consent  was  conditioned,  and for the same purposes and subject to the  same provisions as in this section provided therefor.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Lie > Article-2 > 31

§ 31. Discharge of liens on sale of real property. In case an owner of  real  property  upon  which  an  improvement  is being or has been made,  desires to convey or transfer an interest in such real property  or  any  part  thereof,  and in case lienors having mechanics' liens against such  real property, or any part thereof, notices of which were filed prior to  the making of the deposit hereinafter in  this  section  mentioned,  and  which  said  liens have not been discharged as in this article provided,  shall, to the extent of at least fifty-five per centum of the  aggregate  amount  for  which  such  liens  have been so filed, by an instrument or  instruments in writing, duly acknowledged, designate and  authorize  one  or  more  persons  to consent to the execution and delivery of a deed or  deeds conveying said real property or any part thereof, and in case  the  consent  in writing, duly acknowledged, of such person or persons to the  execution and delivery of such deed or deeds,  and  which  said  consent  shall  be  conditioned  for the deposit of a specified sum of money with  the clerk of such county, shall be filed in the office of the  clerk  of  the  county  where  such  real  property is situated, together with such  instrument or instruments of designation, then on the  deposit  of  such  specified sum with such county clerk all mechanics' liens, judgments and  attachments,  and  all  claims and liens acquired in any proceeding upon  such judgments or under such  attachments  against  such  real  property  shall  from  the  time of such deposit cease to be liens or encumbrances  upon such real property, and such real  property  shall  thenceforth  be  free  and  discharged  from  the same, and the same shall thenceforth be  liens upon such sum so deposited and said county clerk upon such deposit  being made shall forthwith enter upon the lien docket, indexed with  the  name  of  such  owner,  the facts relating to such deposit. A deposit of  money made as prescribed in this section shall be repaid to  such  owner  or  his  assignee  upon  the discharge or release of all such mechanics'  liens, judgments and attachments. All deposits of money made as provided  in this section shall be considered as paid  into  court  and  shall  be  subject  to  the provisions of law relative to the payment of money into  court and the surrender of such money by order of the court.  The  court  shall  in  any  action  brought to foreclose any of such liens or in any  action brought to recover such deposit or any part thereof,  direct  the  payment  of such sum so deposited to the persons whose mechanics' liens,  judgments, or claims secured by attachment shall have  been  established  upon  the  trial,  and  the  amount  so paid shall be credited upon such  mechanics' liens, judgments and claims. Upon such deposit being made  as  hereinbefore   provided  the  lien  of  all  judgments  and  attachments  affecting such real property, and all claims and liens acquired  in  any  proceedings upon such judgments or under attachments shall be liens upon  such deposit. All judgments recovered upon the attachments issued upon a  claim  which, in whole or in part, is not for materials furnished, labor  performed or moneys advanced for the improvement of such real  property,  shall  be  subordinate  as  a  lien  upon  such  sum so deposited to all  mechanics' liens thereon, and shall also be subordinate to all judgments  recovered  upon  and  attachments  issued  upon  claims  for   materials  furnished,  labor  performed  or  moneys advanced for the improvement of  such real property. In case such consent shall be conditioned  also  for  the  giving  to  one  or  more  persons  or  a corporation as trustee or  trustees any other property real or personal then  any  cash  thereafter  from  time  to  time tendered by such trustee or trustees to such county  clerk shall be received and held by such county clerk as though the same  were part of the specified sum of money for the deposit  of  which  such  consent  was  conditioned,  and for the same purposes and subject to the  same provisions as in this section provided therefor.