Acquisition of All or Part of Experience-Rated Organization, Trade, or Business; Transfer of Compensation Experience

The transfer of the predecessor employer's compensation experience to the successor employer is required if the predecessor employing unit transfers, through any means, all or part of the organization, trade, or business, to the successor employer and there is substantially common management or control or substantially common ownership of the entities.

Official text of the Texas Labor Code as published by the Texas Legislative Council.