Texas Labor Code 213.006 – Priority of Claim for Contribution
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Terms Used In Texas Labor Code 213.006
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
If an employer’s assets are distributed under a court order issued under the laws of this state, including a receivership, assignment for benefit of creditors, adjudicated insolvency, composition, or similar proceeding, a contribution due at the time of distribution or that becomes due after the distribution has the same priority as other tax claims under the laws of this state.