Nevada § 86.5428 Employees’ liens for wages when company insolvent

Nevada Statutes

§ 86.5428 — Employees’ liens for wages when company insolvent

Nevada·Title 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES·Ch. 86 Limited-Liability· INSOLVENCY; RECEIVERS AND TRUSTEES

1.Whenever any limited-liability company becomes insolvent or is dissolved in any way or for any cause, the employees doing labor or service, of whatever character, in the regular employ of the company, have a lien upon the assets thereof for the amount of wages due to them, not exceeding $1,000, which have been earned within 3 months before the date of the insolvency or dissolution, which must be paid before any other debt of the company.

2.The word “employees” does not include any of the managers or managing members of the company.

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1. Whenever any limited-liability company becomes insolvent or is dissolved in any way or for any cause, the employees doing labor or service, of whatever character, in the regular employ of the company, have a lien upon the assets thereof for the amount of wages due to them, not exceeding $1,000, which have been earned within 3 months before the date of the insolvency or dissolution, which must be paid before any other debt of the company.
2. The word “employees” does not include any of the managers or managing members of the company.

Nevada § 86.5428 (Employees’ liens for wages when company insolvent) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.