How does an employer’s closing, sale or bankruptcy affect final pay for accrued and unused vacation?

Any act that severs the employment relationship, such as a closing of the business, sale of the business or a bankruptcy, other than a reorganization, would operate as a termination for the purposes of the California Labor Code sections below:

• Section 201 requires an employer to pay all earned and unpaid wages immediately at the time of discharge.
• Section 202 requires an employer to have an employee's final wages available within 72 hours, if the employee has not provided at least 72-hours' notice of the quit, and at the same time of the quit, if such notice has been provided.