2016 Code of Alabama
Title 25 - INDUSTRIAL RELATIONS AND LABOR.
Chapter 4 - UNEMPLOYMENT COMPENSATION.
Article 7 - General Provisions.
Section 25-4-135 - Effect of bankruptcy or liquidation of employer.
In the event of bankruptcy of any employer, or of liquidation of an employer under any law of this state by reason of insolvency or inability to pay his debts, the amount due for contributions on behalf of the employer shall have the same status and priority as other taxes due the state; provided, that in the event of an employer's adjudication in bankruptcy, a judicially confirmed extension proposal or a composition of creditors under the Federal Bankruptcy Act of 1898, as amended, contributions then or thereafter due shall be entitled to such priority as is provided therein for other taxes due and owing this state.
(Acts 1939, No. 497, p. 721; Code 1940, T. 26, §241.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
