Change of status; notice of disposition

Sec. 14. (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 following apply: (1) The employer shall immediately notify the department in the manner and on the form prescribed by the department of the status change. (2) 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, except for nonpayment of wages, are immediately due and payable. (3) The employer shall immediately file necessary quarterly wage and employment 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. Quarterly wage and employment 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.