Unemp. Ins. Code, § 1061 · Article 5. Transfer of Reserve Accounts
Unemp. Ins. Code, § 1061
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) For purposes of this article, the reserve account attributable to a transferred business shall also be transferred to, and combined with, the reserve account attributable to the employer to whom that business is transferred, if both of the following are satisfied:
(1) An employer transfers all or part of its business or payroll to another employer.
(2) At the time of transfer, both employers are under common ownership, management, or control.
(b) This section shall be applied to meet the minimum requirements contained in any guidance or regulations issued by the United States Department of Labor.
Notes and commentary — not statutory text
History
Added by Stats. 2004, Ch. 827, Sec. 8. Effective January 1, 2005.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=UIC§ionNum=1061.
- Text hash
- sha256 552752d4ddd2788b9012eebbd5806131f85189738777086844bbafea05e1cb09
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 1 provision
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Unemployment Insurance Code
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