Statutes > Tennessee Statutes > Title 50 - Employer And Employee > Chapter 7 - Tennessee Employment Security Law > Part 4 - Premiums > 50-7-406 - Rating system for reorganized businesses.

50-7-406 - Rating system for reorganized businesses.

50-7-406. Rating system for reorganized businesses.

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.

[Acts 1983, ch. 439, § 15; 1999, ch. 520, § 41.]