Maine § 26 §1231 Priorities under legal dissolutions or distributions

Maine Statutes

§ 26 §1231 — Priorities under legal dissolutions or distributions

Maine § 26 §1231

Title 26LABOR AND INDUSTRY

Ch. 13UNEMPLOYMENT COMPENSATION

This text of Maine § 26 §1231 (Priorities under legal dissolutions or distributions) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 26, § 26 §1231 (2026).

Text

In the event of any distribution of an employer's assets pursuant to an order of any court under the laws of this State, including 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 wages of not more than $250 to each claimant, earned within 6 months of the commencement of the proceeding.

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In the event of any distribution of an employer's assets pursuant to an order of any court under the laws of this State, including 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 wages of not more than $250 to each claimant, earned within 6 months of the commencement of the proceeding.