1464

LAWS OF MARYLAND

[Ch. 300

If the successor is an employer at the time of the
transfer, and has been assigned a contribution rate
pursuant to the provisions of this subsection, he shall
continue to pay contributions at such previously assigned
rate from the date the transfer occurred through the next
June 30.

If the successor is not an employer at the time of
the transfer and acquires the business of one employer or
the business of two or more employers with the same rate
he shall pay contributions at the rate assigned to the
predecessor employer or employers from the date the
transfer occurred through the next June 30.

If the successor is not an employer at the time of
the transfer, and simultaneously acquires the businesses
of two or more employers with different rates of
contributions, his rate from the date the transfer
occurred through the next June 30 shall be a recomputed
rate based on the combined experience of his predecessor
as of the regular computation date for the fiscal year in
which the transfer occurred.

In all cases, from and after July 1 following the
transfer, the successor's rate of contribution for each
fiscal year shall be based on his experience with
payrolls and benefits combined with the experience of his
predecessor or predecessors, as of the regular
computation date for that fiscal year. A successor
employer shall be deemed to have met the requirements of
subsection (c) (3) of this section if he or any one of
his predecessors has had the experience with benefit
charges and payrolls which is required by subsection (c)
(3).

No successor employer shall qualify for a reduced
rate of contributions from the date of transfer by virtue
of that transfer unless he shall report the transfer and
apply for a reduced rate to the Executive Director within
120 days of the date of the transfer in a manner and form
to be prescribed by the Executive Director. In the event
the transfer is not reported within this time, the earned
rate shall be assigned to the successor as of the first
day of the first quarter after the transfer is actually
reported. Nothing in this section shall be construed as
preventing the Executive Director, where a transfer has
occurred as described above, resulting in a higher rate
of contribution to the successor employer from combining
the experience—rating record of the two employing units
and for purposes of rate determination transferring to
the successor employer the payroll record and benefit
charges of the predecessor at any time.

(7) An employer who transfers all or part of his