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2017 Missouri Revised Statutes
Title XXVIII CONTRACTS AND CONTRACTUAL RELATIONS
Chapter 436 Special Purpose Contracts
Section 436.324 Release of retainage, when.
Universal Citation: MO Rev Stat § 436.324 (2017)
Effective 28 Aug 2002
Title XXVIII CONTRACTS AND CONTRACTUAL RELATIONS
Chapter 436436.324. Release of retainage, when. — Within thirty days of the project reaching substantial completion, as defined in section 436.327, all retainage or substitute security shall be released by the owner to the contractor less an amount equal to one hundred fifty percent of the costs to complete any remaining items. Upon receipt of such retainage from the owner, the contractor shall within seven days release to each subcontractor that subcontractor's share of the retainage.
(L. 2002 H.B. 1403)
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