Tennessee § 50-7-406 - Rating system for reorganized businesses.
Full text of Tennessee Tennessee Code Annotated § 50-7-406 — Rating system for reorganized businesses., with citation guidance and answers to common questions.
§ 50-7-406. Rating system for reorganized businesses.
The division of employment security shall attempt to develop a system of rating employers that will ensure that an employer who goes out of business and reorganizes as a new business with substantially the same owners shall not be rated as a new employer, but the business shall retain the same rating it maintained under the old business. Acts 1983, ch. 439, § 15; 1999, ch. 520, § 41.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 50-7-406
What does Tennessee Code Annotated § 50-7-406 cover?
Section 50-7-406 ("Rating system for reorganized businesses.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 50-7-406?
A common citation format is "Tennessee Code Annotated § 50-7-406" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 50-7-406 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.