employer acquires the entire organization, trade or business, or substantially
all the assets of another employer and so notifies the Unemployment Compensation Division, a transfer of experience records is made. The acquiring
employer's contribution rate for the remainder of the calendar year is not
affected by the transfer. However, that employer's rate for the succeeding calendar
year is based on the combined experience of the two accounts as of July 31 of
the year in which the transfer occurred.
If the predecessor is delinquent in the payment of
contributions or interest, the acquiring employer assumes the responsibility
for payment of the delinquent contributions or interest. The benefit and contribution
experience records of the predecessor will be transferred to the successor.