The division of employment security shall attempt to develop a system of rating employers that will ensure that an employer who goes out of business and reorganizes as a new business with substantially the same owners shall not be rated as a new employer, but the business shall retain the same rating it maintained under the old business.
Tenn. Code Ann. § 50-7-406
Rating system for reorganized businesses
Known as the Tennessee Employment Security Law
The act spans §§ 50-7-101 to 50-7-807 (85 sections).
Acts 1983, ch. 439, § 15; 1999, ch. 520, § 41.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.