600 ARTICLE 47.

ARTICLE 47.

INSOLVENTS.

	15. Three months' wages and commis- sions of employees are pre- ferred claims.	15A. Three months' rent are preferred claims. 15B. Advancements by common carriers.

1.

This section referred to in construing sec. 14. Industrial Service v. Rogers,
163 Md. 660.

2.

Interest of bankrupt in property which cannot be devised, but can be assigned,
passes to trustee; contingent remainder. Reilly v. Mackenzie, 151 Md. 221.

8.

Cited but not construed in separate opinion in Hammond v. Lyon Realty Co.,
163 Md. 459, 461.

Cited but not construed in Coffman v. Publishing Co., 167 Md. 288.

14.

Where chattel mortgage is given in part to secure a loan made at the time
and in part to secure previous indebtedness, mortgage held valid as to sum
loaned but invalid as a preference when insolvency proceedings instituted with-
in four mouths after giving mortgage. Industrial Service v. Rogers, 163 Md. 656.

Cited but not construed in separate opinion in Hammond v. Lyon Realty Co.,
163 Md. 455.

Cited but not construed in Coffman v. Publishing Co., 167 Md. 288.

An. Code, 1924, sec. 15. 1912, sec. 15. 1904, sec 15. 1888, sec. 15. 1888, ch. 383.
1896, ch. 184. 1935, ch. 467.

15. Whenever any person or body corporate shall make an assignment
for the benefit of his, her or its creditors, or shall be adjudicated insolvent
upon his, her or its petition, or upon the petition of any creditor or
creditors, or shall have his, her or its property or estate taken possession
of by a receiver under a decree of a court of equity, in the distribution
of the property or estate of such person or body corporate, all the money
due and owing from such person or body corporate for wages, salaries or
commissions to clerks, servants, salesmen or employees contracted not
more than three months anterior to the execution of such assignment,
adjudication of insolvency, or appointment of receiver, shall first be paid
in full out of such property or estate, after payment of the proper and
legitimate costs, expenses, taxes and commissions, and shall be preferred
to all claims against the property and estate of such insolvent person or
body corporate, except the lien claims of such persons as shall hold liens