California Unemployment Insurance Code 1061 – (a) For purposes of this article, the reserve account …
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(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.
Terms Used In California Unemployment Insurance Code 1061
- employer: means any individual or type of organization, including any partnership, joint venture, association, trust, estate, joint stock company, insurance company, corporation whether domestic or foreign, and the receiver, trustee in bankruptcy, trustee or successor thereof, and the legal representative of a deceased person. See California Unemployment Insurance Code 1058
(2) At the time of transfer, both employers are under common ownership, management, or control.
(b) This section shall be applied to meet the minimum requirements contained in any guidance or regulations issued by the United States Department of Labor.
(Added by Stats. 2004, Ch. 827, Sec. 8. Effective January 1, 2005.)