Pennsylvania Act 1919-406 — INSOLVENCY PROCEEDINGS, PROVIDING FOR PAYMENT OF RENT

Act text

INSOLVENCY PROCEEDINGS, PROVIDING FOR PAYMENT OF RENT
                 Act of Jul. 17, 1919, P.L. 1029, No. 406             Cl. 39
                                  AN ACT

     To provide for payment of rent in receivership proceedings and
        insolvency proceedings against tenants.

        Section 1.  Be it enacted, &c., That in all cases where a
     tenant or tenants become insolvent, and any assignment for the
     benefit of creditors is executed, or a receiver is legally
     appointed for, or bankruptcy or other insolvency proceedings are
     instituted either by or against, the tenant or tenants, covering
     goods and chattels upon demised premises and which are liable to
     distress by the landlord for rent, the landlord shall be first
     entitled to receive out of the proceeds of the sale of such
     goods and chattels by the legal representatives of the tenant
     any sum or sums of money due the landlord for rent of such
     demised premises at the time of the institution of the
     receivership or insolvency proceedings, not exceeding one year's
     rent: Provided, That if the proceeds of the sale by the legal
     representatives of the tenant shall not be sufficient to pay the
     landlord and the costs of the insolvency proceedings, the
     landlord shall be entitled to receive the proceeds of sale after
     deducting so much for costs as the landlord would be liable to
     pay in case of a sale under distress. Nothing in this act shall
     be construed to deprive any person of preference for wages now
     secured by law in any insolvency or receivership proceedings.