20 CFR 345.406
§ 345.406 Defunct employer.
United States · 20 CFR — Employees' Benefits · Status: effective
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- Citation
- 20 CFR 345.406, § 345.406 Defunct employer, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/77874
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Full text
Whenever the Board determines, pursuant to § 345.207 of this part, that an employer is defunct, the Board will add the amount of such employer's benefit charges, as shown in its cumulative benefit balance, to the system unallocated charge balance.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.