Acts and Regulations

2011, c.235 - Wage Earners Protection Act

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Winding-up of company
4In distributing the assets of a company under the provisions of the Winding-up Act, the curator shall pay, in priority to the claims of the ordinary or general creditors of the company, the wages or salary of all persons in the employment of the company at the time of the making of the winding-up order or within one month before the making of it, not exceeding three months wages or salary, and those persons rank as ordinary or general creditors of the company for the residue, if any, of their claims.
R.S.1973, c.W-1, s.2
Winding-up of company
4In distributing the assets of a company under the provisions of the Winding-up Act, the curator shall pay, in priority to the claims of the ordinary or general creditors of the company, the wages or salary of all persons in the employment of the company at the time of the making of the winding-up order or within one month before the making of it, not exceeding three months wages or salary, and those persons rank as ordinary or general creditors of the company for the residue, if any, of their claims.
R.S.1973, c.W-1, s.2