We fully concur in the opinion of the Court but write separately to urge the General Assembly to clarify an issue that this decision does not address: whether Holladay Construction Group, LLC (“Holladay”), had a statutory obligation to deposit the retainage it received from 2200 Charlotte Avenue, LLC, (“Owner”) on May 27, 2015, into a separate, interest-bearing escrow account, or was obligated at that point only to pay subcontractors, such as Snake Steel, within ten days of receipt of the retainage from Owner.
Case Number: M2019-00322-SC-R11-CV
Originating Judge: Chancellor Ellen Hobbs Lyle
Case Name: Snake Steel, Inc. v. Holladay Construction Group, LLC - Concurring
Dissent or Concur: No
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