626.69 Labor or wage claims preferred. When the property of any company, corporation, firm, or person shall be seized upon by any process of any court, or placed in the hands of a receiver, trustee, or assignee, or seizedby the action of creditors, for the purpose of paying or securing the payment of the debtsof such company, corporation, firm, or person, the debts, or wages as defined under section91A.2, subsection 7, owing to all laborers or employees other than officers of such companies,for labor or work performed or services rendered within six months preceding the seizure ortransfer of such property, shall be considered and treated as a preferred debt and paid in full,or if there are insufficient funds realized from such property to pay the same in full, then,after the payment of costs, ratably out of the funds remaining. [C97, §4019; S13, §4019; C24, 27, 31, 35, 39, §11717; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §626.69] 2006 Acts, ch 1025, §1Referred to in §626.71, 626.76, 680.7Labor or wage claims preferred, §633.425, 680.7, 681.13 Sat Dec 23 11:21:32 2023 Iowa Code 2024, Section 626.69 (17, 0)
Iowa Legal Code