{"data":{"id":"us-ak/as-23.20.250","jurisdiction":"us-ak","citation":"AS 23.20.250","heading":"Lien upon distribution or assignment of assets.","body":"(a) If the assets of an employer are distributed under a court order, including a receivership, probate, legal dissolution, or a similar proceeding, or in the case of an assignment for the benefit of creditors, a composition, or a similar proceeding, contributions which are or which become due are a lien upon all the assets of the employer. The lien is prior to all other liens or claims except a prior tax lien, a lien filed or recorded under AS 23.20.200, or a claim for remuneration of service of not more than $250 to each claimant, earned within six months before the starting of the proceeding.\n(b) The existence of a condition of insolvency or the institution of a judicial proceeding for legal dissolution or of a proceeding for distribution of assets causes the lien to attach without action on behalf of the department or the state.\n(c) In the event of an employer's adjudication in bankruptcy, judicially-confirmed extension proposal, or composition, under 11 U.S.C. (Federal Bankruptcy Act), contributions that are or become due are entitled to the priority provided under that Act, as amended.","path":["Title 23. Labor and Workers' Compensation.","Chapter 20. Alaska Employment Security Act.","Article 3. Contributions."],"source_url":"https://www.akleg.gov/basis/statutes.asp#23.20.250","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:46Z","sha256":"b55ec2cba909e8a643b28a9e071cac85d1ae42f3afe620638f393f63dced3446","source_id":"us-ak","stale":false,"prev":"us-ak/as-23.20.248","next":"us-ak/as-23.20.255"},"notice":"GroundRules: Original legal text. Not legal advice."}