§ 22-4-9-3 — Successor employers; period of coverage

Indiana § 22-4-9-3

• Jurisdiction: Indiana
• Art. 4: UNEMPLOYMENT COMPENSATION SYSTEM
• Ch. 9: Period, Election, and Termination of Employer's

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(a) This section is subject to the provisions of IC 22-4-6.5 and IC 22-4-11.5.
(b) Any employer subject to this article as successor to an employer
pursuant to the provisions of IC 22-4-7-2(a) or IC 22-4-7-2(b) shall
cease to be an employer at the end of the year in which the acquisition
occurs only if the department finds that within such calendar year the
employment experience of the predecessor prior to the date of
disposition combined with the employment experience of the successor
subsequent to the date of acquisition would not be sufficient to qualify
the successor employer as an employer under the provisions of IC 22-4-7-1. No such successor employer may cease to be an employer
subject to this article at the end of the first year of the current period of
coverage of the predecessor employer. If all of the resources and
liabilities of the experience account of an employer are assumed by
another in accordance with the provisions of IC 22-4-10-6 or IC 22-4-10-7, such employer's status as employer and under this article is
hereby terminated unless and until such employer subsequently
qualifies under the provisions of IC 22-4-7-1 or IC 22-4-7-2 or elects
to become an employer under sections 4 or 5 of this chapter.
(c) If no application for termination, as herein provided, is filed by
an employer and four (4) full calendar years have elapsed since any
contributions have become payable from such employer, then and in
such cases the department may terminate such employer's experience
account.
Formerly: Acts 1947, c.208, s.903; Acts 1951, c.295, s.7; Acts
1957, c.299, s.14; Acts 1971, P.L.355, SEC.16. As amended by
P.L.98-2005, SEC.4; P.L.108-2006, SEC.8; P.L.33-2013,
SEC.2.