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PHILLIPS v. PRESIDENTIAL

No. 0170, Sept. Term, 2000.

768 A.2d 94 (2001)

137 Md. App. 209

PHILLIPS WAY, INC. v. PRESIDENTIAL FINANCIAL CORPORATION OF THE CHESAPEAKE, et al.

Court of Special Appeals of Maryland.

March 6, 2001.

Attorney(s) appearing for the Case

Kenneth K. Sorteberg (William M. Huddles and Huddles & Jones, P.C. on the brief), Columbia, for appellant.

Eric A. Frechtel (David D. Gilliss and Niles, Barton and Wilmer on the brief), Baltimore, for appellee.

Argued before MOYLAN, SONNER and ADKINS, JJ.

ADKINS, Judge.

In this case, we must determine whether an accounts receivable lender is a "subcontractor" within the meaning of the Maryland's construction trust fund statute, Md. Code. (1974, 1996 Repl.Vol.), § 9-201 et seq. of the Real Property Article ("Construction Trust Statute"). The Construction Trust Statute makes contractors and subcontractors liable in trust for monies paid to them for work done or materials furnished for a building by a subcontractor...

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