California · Unemployment Insurance Code - UIC
UIC §1525: There shall be maintained within the fund three separate accounts: (a) A clearing account.
What this law says, in plain English
This statute requires that a fund maintain three separate accounts, including a clearing account.
Read the full statutory text
There shall be maintained within the fund three separate accounts: (a) A clearing account. (b) An Unemployment Trust Fund account. (c) A benefit account.
Verify at the official source: California legislative text
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