Filing notice of payment bond

28 V.I.C. § 267 — under Construction Liens.

28 V.I.C. § 267

(a) If a prime contractor or owner has secured a payment bond under section 259 of this title a notice of surety bond shall be recorded.

(b) The notice shall be signed by the contractor or owner and by the surety company and shall state:(1) the real estate being improved with a description thereof sufficient for identification;(2) the name and address of the owner and of the prime contractor;(3) the name and address of the surety company and the name of a person on whom service of process may be made; and(4) a statement that the bond meets the requirements of section 259 of this title; and(5) the amount of the payment bond.

(1) the real estate being improved with a description thereof sufficient for identification;

(2) the name and address of the owner and of the prime contractor;

(3) the name and address of the surety company and the name of a person on whom service of process may be made; and

(4) a statement that the bond meets the requirements of section 259 of this title; and

(5) the amount of the payment bond.