Lawyers: Minn. court says payment-bond beneficiaries must properly serve notices

12/18/2013 | Lexology.com (free registration)

The Minnesota Supreme Court recently ruled that payment-bond beneficiaries must adhere closely to requirements for notifying the surety and the contractor at addresses provided on the bond. The opinion establishes that failing to meet the requirements will put payment-bond claims at risk, so contractors and subcontractors should be diligent in ensuring that bond notices go to the proper addresses, according to this analysis by two lawyers.

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