Act of July 30, 1956, ch. 784, 70 Stat. 725
An Act To amend the Bankruptcy Act with respect to the priority of debts owed by a bankrupt to workmen, servants, clerks, and certain salesmen
Eighty-Fourth Congress, Session II · Approved July 30, 1956
Rewrites the second priority in section 64a to cover wages and commissions, not exceeding $600 to each claimant, earned within three months before the commencement of the proceeding and due to workmen, servants, clerks, or traveling or city salesmen on a salary or commission basis, whole or part time, whether or not selling exclusively for the bankrupt, and extends the term “traveling or city salesman” to independent contractors selling on commission. It applies to proceedings commenced on or after enactment.
This is an unofficial transcription, prepared by Robert J. Pfister for ease of reading and copying. The authoritative text is the United States Statutes at Large.
United States Statutes at Large (PDF, 1 page) (opens in a new tab) Unofficial transcription (PDF, 1 page) (opens in a new tab)
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That clause (2) of subsection (a) of section 64 of the Bankruptcy Act (11 U.S.C., sec. 104(a)) is amended to read as follows: “(2) wages and commissions, not to exceed $600 to each claimant, which have been earned within three months before the date of the commencement of the proceeding, due to workmen, servants, clerks, or traveling or city salesmen on salary or commission basis, whole or part time, whether or not selling exclusively for the bankrupt; and for the purposes of this clause, the term ‘traveling or city salesman’ shall include all such salesmen, whether or not they are independent contractors selling the products or services of the bankrupt on a commission basis, with or without a drawing account or formal contract;”.
Sec. 2. The amendment made by the first section of this Act shall apply only with respect to proceedings commenced on or after the date of the enactment of this Act.
Approved July 30, 1956.