California Unemployment Insurance Code

§ 1701

UIC § 1701Div. 1 · Part 1 · Ch. 7 · Art. 1

Statute text

The wage earner and employer contributions required to be paid by any employing unit under this division, together with interest and penalties, shall be satisfied first in any of the following cases:

(a)Whenever the employing unit is insolvent.

(b)Whenever the employing unit makes a voluntary assignment of its assets.

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Legislative history

Amended by Stats. 1953, Ch. 449.