sec.124Copy of notice of claim to the holder of a security

### sec.124 Copy of notice of claim to the holder of a security This section applies if— a subcontractor gives a notice of claim to a person (the recipient ) obliged to pay money to a contractor under a contract; and a person other than the recipient holds a security for the contract. The subcontractor must give a copy of the notice of claim to the person who holds the security. If a copy of the notice of claim is not given as required under subsection (2) , the claimed subcontractor’s charge does not attach to the security. To remove any doubt, it is declared that subsection (3) does not affect a subcontractor’s charge to the extent it otherwise attaches under this chapter. (sec.124-ssec.1) This section applies if— a subcontractor gives a notice of claim to a person (the recipient ) obliged to pay money to a contractor under a contract; and a person other than the recipient holds a security for the contract. (sec.124-ssec.2) The subcontractor must give a copy of the notice of claim to the person who holds the security. (sec.124-ssec.3) If a copy of the notice of claim is not given as required under subsection (2) , the claimed subcontractor’s charge does not attach to the security. (sec.124-ssec.4) To remove any doubt, it is declared that subsection (3) does not affect a subcontractor’s charge to the extent it otherwise attaches under this chapter. - (a) a subcontractor gives a notice of claim to a person (the recipient ) obliged to pay money to a contractor under a contract; and - (b) a person other than the recipient holds a security for the contract.