Mechanics Lien update

Chapter 78 of the Oklahoma Session Laws (H.B. 1087) amends Sections 141 and 143 of the Oklahoma lien statutes that explictly provides that profit and overhead are permissible components of a lien claim. The language was added because the prior version stated that a lien was available for labor, materials and equipment, which some courts had interpreted to mean that a claimant was only entitled to recover actual costs for these, but not for the claimant's expected profit and its overhead. The revision becomes effective on November 1, 2013.