Indiana § 22-2-10-1 Assignments for benefit of creditors; bankruptcy; salesmen

Indiana Statutes

§ 22-2-10-1 — Assignments for benefit of creditors; bankruptcy; salesmen

Indiana § 22-2-10-1

Art. 2WAGES, HOURS, AND BENEFITS

Ch. 10Employees as Preferred Creditors

This text of Indiana § 22-2-10-1 (Assignments for benefit of creditors; bankruptcy; salesmen) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 22-2-10-1 (2026).

Text

When the property of any company,
corporation, limited liability company, firm or person, engaged in any
manufacturing, mechanical, agricultural or other business or
employment, or in the construction of any work or building, shall be
seized upon any mesne or final process of any court of the state, or
where their business shall be suspended by the action of creditors or
put into the hands of any assignee, receiver, or trustee, then in all such
cases the debts owing to laborers or employees, which have accrued by
reason of their labor or employment to an amount not exceeding six
hundred dollars ($600) to each employee, for work and labor
performed within three (3) months next preceding the seizure of such
property, shall be considered and treated as preferred debts and such
laborers or emp

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When the property of any company,
corporation, limited liability company, firm or person, engaged in any
manufacturing, mechanical, agricultural or other business or
employment, or in the construction of any work or building, shall be
seized upon any mesne or final process of any court of the state, or
where their business shall be suspended by the action of creditors or
put into the hands of any assignee, receiver, or trustee, then in all such
cases the debts owing to laborers or employees, which have accrued by
reason of their labor or employment to an amount not exceeding six
hundred dollars ($600) to each employee, for work and labor
performed within three (3) months next preceding the seizure of such
property, shall be considered and treated as preferred debts and such
laborers or employees shall be preferred creditors and shall be first paid
in full, and if there be not sufficient to pay them in full then the same
shall be paid to them pro rata, after paying costs; however, the term
employees as used in this section shall include traveling salesmen,
traveling agents and manufacturers' agents, whether they are employed
under monthly or yearly contracts or otherwise.
Formerly: Acts 1879(ss), c.62, s.1; Acts 1885(ss), c.3, s.1; Acts
1917, c.109, s.1; Acts 1967, c.104, s.1. As amended by P.L.8-1993,
SEC.277; P.L.136-2018, SEC.111.