Statute · California Unemployment Insurance Code
Cal. Unemp. Ins. Code § 1051.5 — Transfer of Reserve Accounts
Cal. Unemp. Ins. Code § 1051.5
- Type
- Statute
- Source
- California Unemployment Insurance Code
- Jurisdiction
- California
- Date
- 1984-09-05
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Unemp. Ins. Code § 1051.5 — Transfer of Reserve Accounts is in force in the current edition of the Code, and nothing recorded condemns it.
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.