LD 1629
pg. 1
LD 1629 Title Page An Act to Ensure That Sales Free and Clear of Liens Through Bankruptcy Do Not R... LD 1629 Title Page
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LR 1175
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 26 MRSA §1221, sub-§5, ķA, as amended by PL 1979, c. 651, §45,
is further amended to read:

 
A. The Unless purchased free and clear of liens through
bankruptcy, the executors, administrators, successors or
assigns of any employer who acquire the business of such
employer in toto shall acquire the experience of such
employer with payrolls, contributions and benefits.
Effective as of the date on which such business was
acquired, the commissioner shall for purposes of rate
determination transfer to the successor employer the payroll
record and experience rating records of the predecessor
employer.

 
SUMMARY

 
Under the current unemployment laws, the executor,
administrator, successor or assign of an employer acquires the
payroll record and experience rating records of that employer for
purposes of determining the history of the employer's
contributions to the Unemployment Compensation Fund.

 
This bill allows the acquisition of the payroll records and
experience rating of an employer only if the business is not
purchased free and clear of liens through bankruptcy.


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