1993 LAWS OF MARYLAND

(2)      A REORGANIZED EMPLOYER SHALL CONTINUE TO PAY
CONTRIBUTIONS AT THE CONTRIBUTION RATE OF THE EMPLOYING UNIT BEFORE
THE REORGANIZATION FROM THE DATE OF THE REORGANIZATION THROUGH THE
NEXT DECEMBER 31.

(3)      BEGINNING ON THE JANUARY 1 AFTER THE REORGANIZATION; THE
RATE OF CONTRIBUTION OF THE REORGANIZED EMPLOYER SHALL BE BASED ON
ITS EXPERIENCE WITH PAYROLLS AND BENEFIT CHARGES, IN COMBINATION WITH
THE EXPERIENCE WITH PAYROLLS AND BENEFIT CHARGES OF THE EMPLOYING
UNIT BEFORE THE REORGANIZATION.

(c) (1) If a successor employer was not an employing unit before acquiring the
assets; business, organization, or trade of a predecessor employer that is an employing
unit; the successor employer shall be considered a new employing unit and shall be
assigned a contribution rate in accordance with § 8-609 of this subtitle.

(2) If a successor employer was an employing unit before the transfer of the
assets; business, organization, Or trade and had been assigned a contribution rate under
this subtitle:

(i) the successor employer shah continue to pay contributions at the
. previously assigned rate from the date of the transfer through the next December 31; and

(ii) beginning on the January 1 after the transfer; the rate of
contribution of the successor employing Unit for each calendar year shall be based on its
experience with payrolls and benefit charges in combination with the [experience with]
PROPORTIONATE SHARE OF payrolls and benefit charges of the predecessor employing
unit.

(e) (1) A predecessor employer shall continue to pay contributions at the
previously assigned rate THROUGH THE NEXT DECEMBER 31- if the predecessor
employer:

[(1)](I) transfers only part of the assets, business, organization, or trade of
the predecessor employer;

[(2)](II) remains in business; and

[(3)] (III) has been assigned a contribution rate under this subtitle.

(2) IF A PREDECESSOR EMPLOYER HAS MET EACH OF THE
REQUIREMENTS TO CONTINUE TO PAY CONTRIBUTIONS AT THE PREVIOUSLY
ASSIGNED RATE THROUGH THE DECEMBER 31 AFTER THE TRANSFER, BEGINNING
ON THE JANUARY 1 AFTER THE TRANSFER THE RATE OF CONTRIBUTIONS OF THE
PREDECESSOR EMPLOYER FOR EACH CALENDAR YEAR SHALL BE BASED ON:

(I)      ITS EXPERIENCE WITH PAYROLLS AND BENEFIT CHARGES;
AND

(II)     ITS PROPORTIONATE SHARE OF EXPERIENCE INCURRED
BEFORE THE TRANSFER.

- 1388 -

Ch. 192