§ 33. Lien for benefits. Benefits to be paid and provided under this chapter shall be a lien against the assets of the stock corporation, mutual corporation or reciprocal insurer liable therefor, without limit of amount, subordinate, however, to claims for unpaid wages and prior recorded liens.

Terms Used In N.Y. Volunteer Firefighters' Benefit Law 33

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
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