Indiana Code 32-28-12-1. Work and labor; priority
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Sec. 1. (a) Except as provided in subsection (b), the employees of a corporation doing business in Indiana, whether organized under Indiana law or otherwise, may have and hold a first and prior lien upon:
(2) the earnings of the corporation;
(1) the corporate property of the corporation; and
Terms Used In Indiana Code 32-28-12-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
for all work and labor done and performed by the employees for the corporation from the date of the employees’ employment by the corporation. A lien under this section is prior to all liens created or acquired after the date of the employment of the employees by the corporation, except as otherwise provided in this chapter.
(b) An employee lien arising from the sale of real estate:
(1) is limited to a lien on the real estate; and
(2) is subject to section 3 of this chapter.
[Pre-2002 Recodification Citation: 32-8-24-1.]
As added by P.L.2-2002, SEC.13.