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The Texas Construction Trust Fund Act, AKA “Plan B”

By Joe Virene on March 18, 2013
Posted in Commercial, Infrastructure, Steel

The Construction Trust Fund Act is often “Plan B” for subcontractors and suppliers who have not perfected their lien or bond claim.  The Construction Trust Fund Act provides for civil and criminal penalties to those who misappropriate construction trust funds and fail to pay for labor and materials.  When a general contractor or upstream contractor…

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