Cal. UIC § 1051.5
This is the official text of Cal. UIC § 1051.5, part of California’s Unemployment Insurance Code — governs unemployment and disability insurance benefits.
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Official statutory text
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.
Status: in_force · Read it on the official government site
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