HB 828, 54th R.S. history

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HB 828, 54th R.S.
Relating to prohibiting any person, firm, corporation, or association that owes wages, salaries, or other compensation to any other person, firm, corporation, or association from transferring in any manner any of his or its assets, property, or capital, until such obligation is satisfied; providing that such assets, property and capital may be liquidated for the purpose of satisfying such obligation; providing a priority lien on such assets, property, or capital; protecting the lien against sale or transfer of such assets, property, or capital; entitling lienholder to possession of such assets, property, or capital upon sale or transfer, and to make sale thereof to satisfy his debt; making the Act cumulative but controlling; providing for severability.

Author: Carlton Moore, Sr.


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