Nevada Revised Statutes 86.5428 – Employees’ liens for wages when company insolvent
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1. Whenever any limited-liability company becomes insolvent or is dissolved in any way or for any cause, the employees doing labor or service, of whatever character, in the regular employ of the company, have a lien upon the assets thereof for the amount of wages due to them, not exceeding $1,000, which have been earned within 3 months before the date of the insolvency or dissolution, which must be paid before any other debt of the company.
Terms Used In Nevada Revised Statutes 86.5428
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Lien: A claim against real or personal property in satisfaction of a debt.
2. The word ’employees’ does not include any of the managers or managing members of the company.