Atlantic Refining Co. v. Penn Seaboard Steel Corp.

The Chancellor.

The allowance of the petitioner’s wage claim as preferred depends upon whether the statutory, provisions touching preferences for wages are applicable to foreign corporations.

The pertinent provisions of the statute are found in the Revised Code of 1915, and are as follows:

“1971. Sec. 57. Lien of Employees : — Whenever any corporation, formed under the provisions of this chapter, shall become insolvent, the employees doing labor or service of whatever character in the regular employ of such corporation, shall have a lien upon the assets thereof for the amount of the wages due to…