The Arizona Revised Statutes have been updated to include the revised sections from the 53rd Legislature, 2nd Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 54th Legislature, 1st Regular Session, which convenes in January 2019.
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
33-1057 - Withholding of money by owner; payment bond
33-1057. Withholding of money by owner; payment bond
A. On receipt of a stop notice pursuant to section 33-1054, the owner shall withhold from the original contractor or from any person acting under the original contractor's authority and to whom labor, professional services, materials, machinery, fixtures or tools have been furnished or agreed to be furnished sufficient monies due or to become due to that contractor to answer that claim and any claim of lien that may be recorded for that claim unless a payment bond has been recorded pursuant to section 33-1003. If a payment bond is recorded, the owner may withhold the monies.
B. If the owner elects not to withhold pursuant to a stop notice by reason of a payment bond having been recorded in accordance with section 33-1003, the owner within thirty days after receipt of the stop notice shall give a written notice to the claimant at the address shown in the stop notice that the bond has been recorded and shall furnish to the claimant a copy of that bond.