Minnesota § 268.064 LIABILITY FOR DEBTS UPON ACQUISITION

Minnesota Statutes

§ 268.064 — LIABILITY FOR DEBTS UPON ACQUISITION

Minnesota § 268.064

PartEMPLOYMENT AND ECONOMIC DEVELOPMENT

Ch. 268UNEMPLOYMENT INSURANCE

This text of Minnesota § 268.064 (LIABILITY FOR DEBTS UPON ACQUISITION) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 268.064 (2026).

Text

Subdivision 1.Acquisition of organization, trade, business, or assets.
Any person who acquires all or part of the organization, trade, business or assets from an employer, is jointly and severally liable, in an amount not to exceed the reasonable value of that part of the organization, trade, business or assets acquired, for any amounts due and unpaid by the employer. The amount of liability is, in addition, a lien against the property or assets acquired and is before all other unrecorded liens. This section does not apply to sales in the normal course of the employer's business.

Subd. 2.Reasonable value.
The commissioner, upon the commissioner's own motion or upon application of the acquiring person, must determine the reasonable value of the organization, trade, business or assets acqu

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Subdivision 1.Acquisition of organization, trade, business, or assets.
Any person who acquires all or part of the organization, trade, business or assets from an employer, is jointly and severally liable, in an amount not to exceed the reasonable value of that part of the organization, trade, business or assets acquired, for any amounts due and unpaid by the employer. The amount of liability is, in addition, a lien against the property or assets acquired and is before all other unrecorded liens. This section does not apply to sales in the normal course of the employer's business.

Subd. 2.Reasonable value.
The commissioner, upon the commissioner's own motion or upon application of the acquiring person, must determine the reasonable value of the organization, trade, business or assets acquired based on available information. The determination is final unless the acquiring person, within 45 calendar days after being sent the determination by mail or electronic transmission, files an appeal. Proceedings on the appeal are conducted in accordance with section268.105.

Subd. 3.Statement of amount due.
Before the date of acquisition, the commissioner must furnish the acquiring person with a statement of the amounts due and unpaid under this chapter or section116L.20upon the request of the potential acquiring person and the release of the obligor. No release is required after the date of acquisition.

Subd. 4.
[Repealed by amendment,1999 c 107 s 35]

Legislative History

1987 c 385 s 35;1989 c 65 s 13;1995 c 54 s 18;1997 c 66 s 79,80;1998 c 265 s 20,44;1999 c 107 s 35;2004 c 183 s 43,44;2007 c 128 art 6 s 44;2009 c 78 art 4 s 50;2023 c 33 s 12