Delaware Code Title 10 Sec. 4935 – Employees of insolvent corporation
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Employees of insolvent corporations shall have a lien for, and a preference in the payment of, wages due them from such corporation, not exceeding wages for 2 months, as provided in § 300 of Title 8.
Code 1915, § ?4338; Code 1935, § ?4811; 10 Del. C. 1953, § ?4935;
Terms Used In Delaware Code Title 10 Sec. 4935
- 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.