The right to execute and deliver a stop notice or a notice to withhold funds is a remedy closely related to a mechanic's lien. When a stop notice or a notice to withhold funds is received by an individual or a firm holding the construction funds for a project, the individual or firm must withhold from its disbursements sufficient money to satisfy the stop notice claim. In this form, the claimant is informing the appropriate court clerk that he has settled the claim and is authorizing the court clerk to discharge of record the Stop Notice.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Wyoming Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds is a legal document used in the state of Wyoming to indicate that a stop notice claim has been satisfied or released and that the funds that were being withheld can now be released. This certificate serves as evidence that the lien or claim against the property or project has been resolved. A stop notice claim is a claim made by a subcontractor, material supplier, or laborer against a construction project for unpaid wages or materials. It is a way for these parties to protect their rights and ensure they receive payment for their services or supplies. When a stop notice claim is filed, the property owner or contractor may be required to withhold sufficient funds from the project to satisfy the claim. The Wyoming Certificate of Satisfaction of Stop Notice Claim is typically issued by the claimant, or the person or entity who filed the stop notice claim, once the claim has been settled. This certificate is then submitted to the property owner or contractor, informing them that the claim has been satisfied and that they can release the funds that were being held. There are no known specific types or variations of the Wyoming Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds. However, it is important to note that this certificate may be used in conjunction with other legal documents, such as lien waivers, to ensure that all parties involved in the project are protected and that any outstanding claims or liens are resolved. In conclusion, the Wyoming Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds is a crucial document in the construction industry. It signifies that a stop notice claim has been resolved and that the previously withheld funds can be released. This certificate helps to ensure fair payment practices and protect the rights of subcontractors, material suppliers, and laborers involved in construction projects in Wyoming.
