Iowa Code § 680.7
Claims entitled to priority
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2015
As of January 1, 2012
When the property of any person, partnership, company, or corporation has been placed in the hands of a receiver for distribution, after the payment of all costs the following claims shall be entitled to priority of payment in the order named:
When the property of any person, partnership, company, or corporation has been placed in the hands of a receiver for distribution, after the payment of all costs the following claims shall be entitled to priority of payment in the order named:
1. Taxes or other debts entitled to preference under the laws of the United States.
1. Taxes or other debts entitled to preference under the laws of the United States.
2. Debts due or taxes assessed and levied for the benefit of the state, county, or other municipal corporation in this state.
2. Debts due or taxes assessed and levied for the benefit of the state, county, or other municipal corporation in this state.
3. Debts owing to employees for labor or work performed or services rendered as provided in section 626.69.
3. Debts owing to employees for labor or work performed or services rendered as provided in section 626.69.
Referred to in
Bank receivership, see chapter 524
Bank receivership, see §524.1301, et seq.
Labor or wage claims preferred, §626.69, 633.425, 681.13
Labor or wage claims preferred, §626.69, 633.425, 681.13
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.