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96 PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW
subsequent maintenance, preservation and disposal thereof are hereby declared
to be administrative expenses to be paid out of the Administration Fund.
(c) Any property purchased under the provisions of this section shall be held until
such time as the department shall believe it advisable to dispose of the same
except as hereinafter provided. Thereupon, the department, at either public or
private sale, may dispose of the property upon such terms and conditions as it
may deem advisable, and the Department of Justice may approve. It shall be
lawful to sell the property for cash or for part cash and a mortgage to run from
the purchaser to the Commonwealth. When the terms and conditions of such
sale shall have been agreed upon and approved, the Department of Justice is
hereby authorized and directed to execute and deliver a deed or other
appropriate document conveying or transferring the property. Any such
conveyance or transfer shall be free and clear of all liens and encumbrances in
favor of the department except the lien of a purchase-money mortgage, if any,
contemporaneously executed and delivered to the Commonwealth.
(d) The proceeds derived from the sale of any property under this provision of the
act shall be distributed in the following order:
(1) Reimbursement to the Administration Fund, created under the provisions
of section 602 of this act, of the amount of legal and administrative costs
including the costs, if any, of acquiring such property advanced therefrom.
(2) Payment of the amount of delinquent contributions covered by the
department's lien or liens into the Unemployment Compensation Fund
created under the provisions of section 601 of this act, and
(3) The balance, if any, into the Special Administration Fund.
(e) It shall be unlawful for any State officer or employe or any member of the family
of such officer or employe to purchase, directly or indirectly, any property
acquired by the department at a judicial sale under the provisions of this section. (308.2 added Aug. 27, 1963, P.L.1281, No.522) Section 308.3. Transfer of Assets; Liability of Purchase.--
(a) Every employer subject to the provisions of this act, who shall sell in bulk
fifty-one per centum or more of his assets, including but not limited to, any stock
of goods, wares or merchandise of any kind, fixtures, machinery, equipment,
buildings or real estate, shall give the department ten (10) days' notice of the sale