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Mo. Rev. Stat. § 436.324

Release of retainage, when

Known as the Uniform Athlete Agents Act

The act spans §§ 436–436 (89 sections).

Effective: 28 Aug 2002; (L. 2002 H.B. 1403)

Within thirty days of the project reaching substantial completion, as defined in section 436.327, all retainage or substitute security shall be released by the owner to the contractor less an amount equal to one hundred fifty percent of the costs to complete any remaining items. Upon receipt of such retainage from the owner, the contractor shall within seven days release to each subcontractor that subcontractor's share of the retainage.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.