3714

In the management, liquidation or distribution of the assets of any corporation upon dissolution thereof, whether voluntary or involuntary, or upon the revocation of the certificate of incorporation or upon cancellation of its corporate existence, once the costs and expenses necessary for the preservation of the assets shall have been paid, the salaries or commissions accrued by the employees or sales representatives of the corporation during the six (6) months before the dissolution, revocation or cessation of corporate existence shall have priority with respect to other unsecured creditors. The terms 'employees' and 'salesmen' shall not be construed to include any official of the corporation.\nHistory —Dec. 16, 2009, No. 164, § 9.14.