ARTICLE 5. Transfer of Reserve Accounts [1051. - 1061.]
Article 5 enacted by Stats. 1953, Ch. 308.
§§ 1051–1061 · 11 sections
- § 1051 Whenever any employing unit acquires the organization, trade, or business, or substantially all of the assets thereof, or a distinct and severable portion of…
- § 1051.5 To the extent permitted by federal law, Sections 1051, 1052, and 1053 are applicable to acquisitions by a nonprofit organization which has elected…
- § 1052 Upon receipt of the application the separate account, actual contribution and benefit experience and payrolls of the predecessor or that part thereof, as…
- § 1053 Sections 1051 and 1052 are applicable to applications for transfer of reserve accounts made after the 90-day period beginning with the date of acquisition but…
- § 1054 The provisions of this article requiring a specific application for transfer of reserve account shall not apply to any successor who through error or…
- § 1055 In the event of a denial or granting of an application for transfer of reserve account, the director shall give notice pursuant to Section 1206 to the…
- § 1056 The director may prescribe regulations for the establishment, maintenance, and dissolution of joint accounts by two or more employers and shall, in accordance…
- § 1057 Upon dissolution of a joint venture each participating employer may within 90 days apply for the transfer of his proportionate share of the reserve account.…
- § 1058 As used in this article the term “joint venture” means a separate employing unit which has been organized by two or more employers to accomplish a contract or…
- § 1060 A change in contribution rate caused by a transfer under this article of all or a portion of the separate account, actual contribution and benefit experience…
- § 1061 (a) For purposes of this article, the reserve account attributable to a transferred business shall also be transferred to, and combined with, the reserve…