17-6910

Chapter 17.--CORPORATIONS
Article 69.--INSOLVENCY; RECEIVERS

      17-6910.   Employee's lien for wages when corporationinsolvent.Whenever any corporation of this state, or any foreign corporation doingbusiness in this state, shall become insolvent, the employees doing labor orservice of whatever character in the regular employ of the corporation, shallhave a lien upon the assets thereof for the amount of the wages due to them,not exceeding two months' wages, respectively, which shall be paid prior to anyother debt or debts of the corporation. The word "employee" as used in thissection shall not be construed to include anyone owning or controlling amajority of the voting stock or voting power of the corporation.

      History:   L. 1972, ch. 52, § 113;L. 2004, ch. 143, § 71; Jan. 1, 2005.