California Unemployment Insurance Code

§ 1061

UIC § 1061 Effective Jan 1, 2005Div. 1 · Part 1 · Ch. 4 · Art. 5

Statute text

(a)For purposes of this article, the reserve account attributable to a transferred business shall also be transferred to, and combined with, the reserve account attributable to the employer to whom that business is transferred, if both of the following are satisfied:

(1)An employer transfers all or part of its business or payroll to another employer.

(2)At the time of transfer, both employers are under common ownership, management, or control.

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Legislative history

Added by Stats. 2004, Ch. 827, Sec. 8. Effective January 1, 2005.