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 then or thereafter due shall be paid in full prior to all other claims except claims for remuneration.
Ind. Code § 22-4-32-16
Insolvency proceedings; delinquent contributions; priorities
Known as the Indiana Employment and Training Services Act
The act spans §§ 22-4-10-1 to 22-4-9-6 (335 sections).
Formerly: Acts 1947, c.208, s.3318
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.