Article 3-A Trust Fund Conversion
New York Law has certain very strict requirements for dealing with money used for construction and development.
If you are a contractor, subcontractor or material supplier, and you have not been paid, you may be able to recover from a lender, the owner, or a general contractor. This is a complex area of law and time is of the essence!
If you are a developer or the general contractor, you should consult with an attorney to ensure that you keep the appropriate books and records required by the Lien Law, and to ensure you use "trust" funds that you receive for appropriate purposes. If you are already being sued, you should consult with an attorney immediately to defend you.
Our attorneys have experience in defending and prosecuting Lien Law Article 3-A Trust Fund Conversion claims.