Statute · New York Workers' Compensation Law
N.Y. Workers' Comp. Law § 130 — Workmen's compensation premiums shall be deemed preferred claims
N.Y. Workers' Comp. Law § 130
- Type
- Statute
- Source
- New York Workers' Compensation Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 130. Workmen's compensation premiums shall be deemed preferred claims. All premiums and interest charges on account of policies insuring employers against liability under this chapter which may be due to the state insurance fund, or any stock corporation or mutual association authorized to…
Citator
N.Y. Workers' Comp. Law § 130 — Workmen's compensation premiums shall be deemed preferred claims is in force in the current edition of the Code, and nothing recorded condemns it.
§ 130. Workmen's compensation premiums shall be deemed preferred claims. All premiums and interest charges on account of policies insuring employers against liability under this chapter which may be due to the state insurance fund, or any stock corporation or mutual association authorized to transact the business of insurance in this state, and all judgments recovered by the state insurance fund or any such insurance corporation or association against any employer on actions brought under any such policy, shall be deemed preferred claims in all insolvency or bankruptcy proceedings, trustee proceedings for administration of estates and receiverships involving the employer liable therefor or the property of such employer, provided however that claims for wages shall receive prior preference in all such proceedings.