SB 1157 – Modifies the definition of "commercial real estate" for the purposes of establishing commercial real estate liens

• Sponsor: Loudon
• LR Number: 3161S.02I
• Committee: Economic Development, Tourism & Local Government
• Last Action: 3/6/2006 - Second Read and Referred S Economic Development, Tourism & Local Government Committee
• Journal Page: S394
• Effective Date: August 28, 2006

Current Bill Summary

SB 1157 - This act modifies the definition of commercial real estate by including real estate on which no buildings or structures are located and explicitly provides that commercial real estate shall include an unimproved real estate of any zoning classification, other than agricultural or horticultural real estate, being purchased for development or subdivision.

STEPHEN WITTE