Gelder & Associates, Inc. v. St. Paul Fire & Marine Insurance

VAUGHN, Judge.

Defendant contends that the court erred in granting plaintiff’s motion for summary judgment and argues that defendant was entitled to a judgment in its favor as a matter of law.

A laborers’ and materialmen’s lien may be discharged of record by, among other ways, complying with the following:

“Whenever a corporate surety bond, in a sum equal to one and one-forth [1 1/4] times the amount of the lien or liens claimed and conditioned upon the payment of the amount finally determined to be due in satisfaction of said lien or liens, is deposited with the clerk of court, whereupon the…