Successor employers; experience account; benefits; discrepancy in
experience accounts
Sec. 7. (a) Except as provided by IC 22-4-11.5, when an
employing unit (whether or not an employing unit prior thereto)
assumes all of the resources and liabilities of the experience account
of a predecessor employer, as provided in section 6 of this chapter,
amounts paid by such predecessor employer shall be deemed to have
been so paid by such successor employer. The experience of such
predecessor with respect to unemployment risk, including but not
limited to past payrolls and contributions, shall be credited to the
account of such successor.
(b) The payments of benefits to an individual shall not in any case
be denied or withheld because the experience account of an employer
does not reflect a balance and total of contributions paid to be in
excess of benefits charged to such experience account.
(Formerly: Acts 1947, c.208, s.1008; Acts 1951, c.295, s.10; Acts
1971, P.L.355, SEC.22.) As amended by P.L.98-2005, SEC.7.
Last modified: May 27, 2006