Rhode Island § 28-40-10 § 28-40-10. Priority of contributions in insolvency or bankruptcy.

Rhode Island Statutes

§ 28-40-10 — § 28-40-10. Priority of contributions in insolvency or bankruptcy.

Rhode Island § 28-40-10

Title 28Labor and Labor Relations

Ch. 28-40Temporary Disability Insurance â€” Contributions

This text of Rhode Island § 28-40-10 (§ 28-40-10. Priority of contributions in insolvency or bankruptcy.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 28-40-10 (2026).

Text

§ 28-40-10. Priority of contributions in insolvency or bankruptcy.
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, contribution
            payments then or subsequently due shall have the same priority as given to wage claims
            of not more than one hundred dollars ($100) to each claimant, earned within six (6)
            months of the commencement of the proceeding. In the event of an employer's adjudication
            in bankruptcy, judicially confirmed extension proposal, or composition,

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§ 28-40-10. Priority of contributions in insolvency or bankruptcy.

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, contribution payments then or subsequently due shall have the same priority as given to wage claims of not more than one hundred dollars ($100) to each claimant, earned within six (6) months of the commencement of the proceeding. In the event of an employer's adjudication in bankruptcy, judicially confirmed extension proposal, or composition, under the federal Bankruptcy Act, 11 U.S.C. § 101 et seq., contributions then or subsequently due shall be entitled to the priority provided in 11 U.S.C. § 507.