10 §1117. Prepayment or advance payment
Title 10: COMMERCE AND TRADE
Part 3: REGULATION OF TRADE
Chapter 201-A: CONSTRUCTION CONTRACTS HEADING: PL 1993, C. 461, §1 (NEW)
§1117. Prepayment or advance payment
This chapter in no way may be construed to prohibit an owner, contractor or subcontractor from making advance payments, progress payments or from prepaying if agreements or other circumstances make those payments appropriate. All such payments must be made promptly and are subject to the interest, penalty and other provisions of this chapter. [1993, c. 461, §1 (NEW).]
SECTION HISTORY
1993, c. 461, §1 (NEW).