Section 40-1-4
Lien for taxes - Preferred claim.
When a taxpayer makes a general assignment of his property for the payment of his debts or is declared a bankrupt, or when dead and his estate is or becomes insolvent, any unpaid taxes assessed against him or against his estate shall be a preferred claim and shall be paid by the assignee, trustee, or personal representative out of the first money received by him belonging to the trust or estate.
(Acts 1935, No. 194, p. 256; Code 1940, T. 51, §885.)