Whenever any corporation of this State, or any foreign corporation doing business in this State, shall become insolvent, the employees doing labor or service of whatever character in the regular employ of the corporation, shall have a lien upon the assets thereof for the amount of the wages due to them, not exceeding 2 months' wages respectively, which shall be paid prior to any other debt or debts of the corporation. The word “employee” shall not be construed to include any of the officers of the corporation.
Structure Delaware Code
Chapter 1. GENERAL CORPORATION LAW
Subchapter XI. Insolvency; Receivers and Trustees
§ 291. Receivers for insolvent corporations; appointment and powers.
§ 292. Title to property; filing order of appointment; exception.
§ 293. Notices to stockholders and creditors.
§ 294. Receivers or trustees; inventory; list of debts and report.
§ 295. Creditors' proofs of claims; when barred; notice.
§ 296. Adjudication of claims; appeal.
§ 297. Sale of perishable or deteriorating property.
§ 298. Compensation, costs and expenses of receiver or trustee.
§ 299. Substitution of trustee or receiver as party; abatement of actions.
§ 300. Employee's lien for wages when corporation insolvent.
§ 301. Discontinuance of liquidation.
§ 302. Compromise or arrangement between corporation and creditors or stockholders.
§ 303. Proceeding under the Federal Bankruptcy Code of the United States; effectuation.