Section 1731 Of Article 2. Liability Of Successors, Officers And Fiduciaries From California Unemployment Insurance Code >> Division 1. >> Part 1. >> Chapter 7. >> Article 2.
1731
. Any person or employing unit that acquires the organization,
trade or business, or substantially all the assets thereof, of an
employer shall withhold in trust money or other property sufficient
in amount or value to cover the amount of any contributions, interest
and penalties due or unpaid from such employer until such employer
produces a certificate from the department stating that no
contributions, interest or penalties are due. If such employer does
not produce such certificate, the acquiring person or employing unit
shall pay the amount or the value of the property so withheld to the
department at the time of such acquisition.