Maine Revised Statutes Title 26 Sec. 1231 – Priorities under legal dissolutions or distributions
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Terms Used In Maine Revised Statutes Title 26 Sec. 1231
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contributions: means the money payments required by this chapter to be made into the fund by an employer on account of having individuals performing services for him. See Maine Revised Statutes Title 26 Sec. 1043
- Employer: means :
A. See Maine Revised Statutes Title 26 Sec. 1043State: includes the states of the United States, the District of Columbia, the Commonwealth of Puerto Rico and the Virgin Islands. See Maine Revised Statutes Title 26 Sec. 1043 Wages: means all remuneration for personal services, including commissions, bonuses, severance or terminal pay, gratuities and the cash value of all remuneration in any medium other than cash. See Maine Revised Statutes Title 26 Sec. 1043
In the event of any distribution of an employer‘s assets pursuant to an order of any court under the laws of this State, including 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 wages of not more than $250 to each claimant, earned within 6 months of the commencement of the proceeding. [PL 1975, c. 462, §9 (NEW).]
SECTION HISTORY
PL 1975, c. 462, §9 (NEW).