In the event of any distribution of an employer's assets pursuant to an order of any court under the laws of this state, in proceedings relating to the administration of the estate of a decedent, receivership, assignment for benefit of creditors, adjudicated insolvency, composition, dissolution, reorganization, or similar proceedings, contributions then or thereafter due, together with interest, penalties, and cost thereon, shall be paid in full in accordance with laws of this state governing the order of payment of tax liens and tax priorities. In the event of any employer's adjudication in bankruptcy or judicially confirmed extension proposal, contributions then or thereafter due, together with interest, penalties, and costs thereon, shall be required to be paid in accordance with the laws governing the lien and priority of taxes due this state.
(Code 1981, §34-8-174, enacted by Ga. L. 1991, p. 139, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 76 Am. Jur. 2d, Unemployment Compensation, §§ 16 et seq., 43.
C.J.S.- 81 C.J.S., Social Security and Public Welfare, § 380 et seq.
ALR.
- Rank or priority of lien or claim for unpaid employer's contribution under Social Security or Unemployment Compensation Act, 140 A.L.R. 1042.
Social security and unemployment taxes as payable in respect of claims for wages earned before bankruptcy of employer, 174 A.L.R. 1295.