Manitoba Court of Queen's Bench finds CRA entitled to priority to «earned but unpaid» contract funds held by obligee (over the surety who had paid out labour and material payment bond claims after principal's default) (fieldlaw.com)
In a case of first impression in Connecticut, obtained summary judgment in federal district court on behalf of a surety for failure of a performance bond obligee to properly declare the principal in default and to give the surety proper opportunity to exercise its options and limit its liability. (rc.com)
The obligee for a cooperative share loan, who is both a stockholder in a cooperative corporation and a tenant of the unit under a proprietary lease or occupancy agreement. (shoprate.com)