646 Ind. Admin. Code 5-6-10

Current through November 6, 2024

Section 646 IAC 5-6-10 - Promissory notes

Authority: IC 22-4-18-1; IC 22-4.1-3-3

Affected: IC 22-4; IC 22-4.1

Sec. 10.

Where an employee accepts a promissory note in lieu of wages, the:

(1) face amount of the note at the time it is delivered to and accepted by the employee is considered the amount of wages subject to contribution; and

(2) wages are considered paid at the time of the delivery and the acceptance of the note.

646 IAC 5-6-10

Department of Workforce Development; 646 IAC 5-6-10; filed Apr 26, 2011, 11:23 a.m.: 20110525-IR-646100464FRA

Readopted filed 11/27/2017, 3:22 p.m.: 20171227-IR-646170447RFA

Readopted filed 6/16/2023, 1:21 p.m.: 20230712-IR-646230344RFA