§ 105-365. Preference accorded taxes in liquidation of debtors' estates. - North Carolina Statutes

§105‑365.  Preference accorded taxes in liquidation of debtors' estates.

In all cases in which ataxpayer's assets are in the hands of a receiver or assignee for the benefit ofcreditors or are otherwise being liquidated or managed for the benefit of creditors,the taxes owed by the debtor (together with interest, penalties, and costs)shall be a preferred claim, second only to administration expenses and specificliens. The provisions of this section shall not be construed to modify orreduce the priority given by G.S. 105‑356 to tax liens on real andpersonal property or to alter or preclude the exercise of any remedies againstpersonal property provided for in G.S. 105‑366. (1939,c. 310, s. 1704; 1971, c. 806, s. 1.)