Insolvency proceedings; delinquent contributions; priorities
Sec. 16. 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 and skills 2016 training
assessments under IC 22-4-10.5-3 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.
Last modified: May 27, 2006