California Unemployment Insurance Code

§ 1137.1

UIC § 1137.1 Effective Jan 1, 1998Div. 1 · Part 1 · Ch. 4 · Art. 8

Statute text

A jeopardy assessment may be made only upon a finding by the director, based upon probable cause, that any of the following conditions are met:

(a)The employing unit is insolvent.

(b)The employing unit has transferred, or is about to transfer, assets for less than fair market value, and by so doing has rendered, or is likely to render, itself insolvent.

…

Legislative history

Amended by Stats. 1997, Ch. 810, Sec. 2. Effective January 1, 1998.