Mechanics Lien update

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Chapter 78 of the Oklahoma Session Laws (H.B. 1087) amends Sections 141 and 143 of the Oklahoma lien statutes that explictly provides that profit and overhead are permissible components of a lien claim. The language was added because the prior version stated that a lien was available for labor, materials and equipment, which some courts had interpreted to mean that a claimant was only entitled to recover actual costs for these, but not for the claimant’s expected profit and its overhead. The revision becomes effective on November 1, 2013.

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