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- Alaska Statutes.
- Title 23. Labor and Workers' Compensation
- Chapter 20. Alaska Employment Security Act
- Section 260. Liability of Successor Employer.
previous: Section 255
. Compromise of Contributions.
next: Section 265
. Liability of Contractor and Principal For Contributions.
AS 23.20.260. Liability of Successor Employer.
- (a) The contributions required by this chapter are a lien upon the property of an employer subject to the provisions of
the chapter who sells out the business or stock of goods, who quits business, or whose property used or acquired in the
business is sold under voluntary conveyance or under foreclosure, execution or attachment, distraint, or other judicial
- (b) The employer shall file the reports which the department prescribes and pay the contributions required by this chapter
with respect to wages payable for employment up to the date of the occurrence of each contingency.
- (c) The purchaser or successor in business shall withhold enough purchase money to cover the amount of contributions due
and unpaid until the employer produces a receipt from the department showing that the contributions have been paid, or
a certificate that no contributions are due. If the purchaser or successor fails to withhold purchase money as
provided, and the contributions are not paid within 10 days, the purchaser or successor is personally liable for the
payment of the contributions accrued and unpaid on account of the operation of the business by the former owner.
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