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“Springing liens” are first priority statutory liens on property that spring into existence when certain obligations remain unpaid. Springing Liens can attach to real estate, for example, when the following obligations are not paid: taxes, condominium association dues, or claims for construction labor or materials.

As the pandemic begins to ease and everyday life is moving toward normalcy, whatever that may be, the pace of the economy’s resurgence, in the words of Federal Reserve Chairman Jerome Powell, “… is about to accelerate much more quickly than anticipated with output approaching its pre-pandemic level.” Capital investment, especially in distressed economic communities, will be needed more now than ever, to enable for-profits and non-profits to start and grow businesses, accelerate job growth, and lessen economic hardships triggered by COVID-19.

LEXINGTON, Ky.—Governor Andy Beshear has appointed Stites & Harbison, PLLC attorney Ashley Ward as a member of the Eastern Kentucky University (EKU) Board of Regents with a term expiring in June 2027. EKU is governed by an 11-member Board of Regents.

NASHVILLE, Tenn.—Chambers USA High Net Worth selected Stites & Harbison, PLLC attorney Gregory D. Smith for inclusion in its 2021 guide in the category of Family/Matrimonial for USA: Tennessee. Chambers High Net Worth ranks top lawyers and law firms in the international private wealth market.