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Vermont Statutes Title 9 Sec. 1971 - Extent of lien

Vermont Statutes > Title 9 > Chapter 51 > § 1971 - Extent of lien


Current as of: 2010

The liability of a corporation to wage earners for unpaid wages which were earned in the three months next prior to the filing of a mortgage or other lien upon the property and franchise of such corporation, in all cases, shall be a first lien thereon, notwithstanding any mortgage or other lien thereon recorded after such wages were earned. An individual who works for wages, salary or hire at a rate of compensation not exceeding $3,000.00 a year shall be deemed to be a wage earner within the meaning of this section.

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Vermont Laws: Property

Vermont Statutes > Title 9 > Chapter 51 - Miscellaneous Liens
Vermont Statutes Title 27 - Property
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