There Is a Newer Version
of
the Vermont Statutes
2011 Vermont Code
Title 09 Commerce and Trade
Chapter 51 MISCELLANEOUS LIENS
§ 1971 Extent of lien
Universal Citation:
9 VT Stats § 1971. (2011 through Adj Sess)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 1971. Extent of lien
The liability of a corporation to wage earners for unpaid wages which were earned in the three months next prior to the filing of a mortgage or other lien upon the property and franchise of such corporation, in all cases, shall be a first lien thereon, notwithstanding any mortgage or other lien thereon recorded after such wages were earned. An individual who works for wages, salary or hire at a rate of compensation not exceeding $3,000.00 a year shall be deemed to be a wage earner within the meaning of this section.
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