Indiana § 22-4-32-16 Insolvency proceedings; delinquent contributions; priorities

Indiana Statutes

§ 22-4-32-16 — Insolvency proceedings; delinquent contributions; priorities

Indiana·Art. 4 UNEMPLOYMENT COMPENSATION SYSTEM·Ch. 32 Employer Liability, Rights, and Remedies

In the event of any distribution of any
employer's assets pursuant to an order of any court under the laws of
this state including but not necessarily limited to any 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 claims for
remuneration.
Formerly: Acts 1947, c.208, s.3318. As amended by
P.L.290-2001, SEC.26; P.L.175-2009, SEC.39.

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In the event of any distribution of any
employer's assets pursuant to an order of any court under the laws of
this state including but not necessarily limited to any 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 claims for
remuneration.
Formerly: Acts 1947, c.208, s.3318. As amended by
P.L.290-2001, SEC.26; P.L.175-2009, SEC.39.

Indiana § 22-4-32-16 (Insolvency proceedings; delinquent contributions; priorities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.