§ 63.17. Binding effect of transfers.

 A transfer of an experience record and reserve acount balance, in whole or in part, having been approved by the Bureau on the basis of an application for the transfer of predecessor experience record and reserve account balance, shall be binding on both the predecessor and the successor-in-interest. The experience record and reserve account balance thus transferred shall be included with that of the successor-in-interest for determination of rates for calendar years subsequent to the year of transfer except as provided in §  63.16 (relating to periods of subjectivity). The predecessor may not be entitled to adjusted rates for calendar years subsequent to the transfer year, based upon the experience record and reserve account balance which has been transferred.

   The provisions of this §  63.17 amended October 22, 1971, 1 Pa.B. 2015.

   This section cited in 34 Pa. Code §  63.11 (relating to general requirements); and 34 Pa. Code §  63.12 (relating to successors not formerly employers).