Second District Confirms That Receiver Certificates May Prime Prior Liens
By James M. Dash & Steven D. Mroczkowski
Construction Law,
December 2020
The appellate court recently held in REEF-PCG, LLC v. 747 Properties, LLC that debt certificates issued by a court-appointed receiver for the cost of completing construction of improvements may be entitled to a lien against the subject property that has priority over earlier liens.
Second District Confirms That Receiver Certificates May Prime Prior Liens
By James M. Dash & Steven D. Mroczkowski
Commercial Banking, Collections, and Bankruptcy,
October 2020
The appellate court recently held in REEF-PCG, LLC v. 747 Properties, LLC that debt certificates issued by a court-appointed receiver for the cost of completing construction of improvements may be entitled to a lien against the subject property that has priority over earlier liens.
Extra-contractual remedies in Illinois
By James M. Dash & Steven D. Mroczkowski
Construction Law,
February 2018
Even where no express contract exists, implied contracts can be created as a result of parties’ actions.
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