Section 646IAC5-2-11. Termination or transfer of business; notice; final report; attachment of successor's assets

   (a) Where the status of an employer is changed by cessation or disposition of a business or an appointment of a receiver, trustee, trustee in bankruptcy, or other fiduciary, the employer shall immediately notify the department, and contributions with respect to wages for employment up to and including the date of the change of status, and with respect to amounts that would otherwise constitute wages as defined in IC 22-4, except for nonpayment thereof, are immediately due and payable. The employer shall immediately file necessary contribution and wage reports, showing all remuneration paid per employee for employment occurring in the calendar quarter in which the change of status occurred, and all previous unreported contributions and remuneration. Reports covering the calendar quarter in which the change of status occurred shall be marked "final report".

  (b) Whenever an employer disposes of its organization, trade, or business, in whole or in part, it shall be the duty of both the employer and its successor to notify the department of the disposition on the forms prescribed by the department. If the disposing employer is a corporation, the employer shall follow the dissolution procedure described in IC 22-4-32-23. (Department of Workforce Development; 646 IAC 5-2-11; filed Apr 26, 2011, 11:23 a.m.: 20110525-IR-646100464FRA)