California Statutes
§ 1051.5. — 1051.5. (Added by Stats. 1984, Ch. 855, Sec. 3.)
California·Code UIC Unemployment Insurance Code - UIC·Div. 1. DIVISION 1. UNEMPLOYMENT AND DISABILITY COMPENSATION·Part 1. PART 1. UNEMPLOYMENT COMPENSATION·Ch. 4. CHAPTER 4. Contributions and Reports·Art. 5. ARTICLE 5. Transfer of Reserve Accounts
To the extent permitted by federal law, Sections 1051, 1052, and 1053 are applicable to acquisitions by a nonprofit organization which has elected reimbursement financing pursuant to Section 801 and the director shall transfer the reserve account of the predecessor employer to the successor nonprofit organization. Notwithstanding Section 1029, the reserve account shall not be canceled and the cost of benefits otherwise chargeable to the organization shall be charged to the reserve account until it is exhausted.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 1051.5. (1051.5. (Added by Stats. 1984, Ch. 855, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1984, Ch. 855, Sec. 3. Effective September 5, 1984.