Arizona § 23-744 Priority of claim for contributions due upon insolvency proceedings

Arizona Statutes

§ 23-744 — Priority of claim for contributions due upon insolvency proceedings

Arizona § 23-744

Title 23Arizona Revised Statutes

Ch. 4EMPLOYMENT SECURITY

Art. 5Contributions

This text of Arizona § 23-744 (Priority of claim for contributions due upon insolvency proceedings) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 23-744 (2026).

Text

A.In event of a distribution of an employer's assets pursuant to court order, including receivership, assignment for benefit of creditors, adjudicated insolvency, composition or similar proceeding, contributions then or thereafter due shall be paid in full prior to all other claims except taxes and claims for wages of not more than two hundred fifty dollars to each claimant earned within six months prior to commencement of the proceeding. The existence of a condition of insolvency, or the institution of a judicial proceeding for dissolution or distribution of assets, shall cause the priority to attach without action on behalf of the commission.

B.In event of an employer's adjudication in bankruptcy, judicially confirmed extension proposal or composition under the national bankruptcy act

Free access — add to your briefcase to read the full text and ask questions with AI

A. In event of a distribution of an employer's assets pursuant to court order, including receivership, assignment for benefit of creditors, adjudicated insolvency, composition or similar proceeding, contributions then or thereafter due shall be paid in full prior to all other claims except taxes and claims for wages of not more than two hundred fifty dollars to each claimant earned within six months prior to commencement of the proceeding. The existence of a condition of insolvency, or the institution of a judicial proceeding for dissolution or distribution of assets, shall cause the priority to attach without action on behalf of the commission.

B. In event of an employer's adjudication in bankruptcy, judicially confirmed extension proposal or composition under the national bankruptcy act, contributions then or thereafter due shall be entitled to such priority as is provided in that act for taxes due a state or the United States.