California Revenue and Taxation Code

§ 11521

RTC § 11521Div. 2 · Part 6 · Ch. 4 · Art. 6

Statute text

If any person liable for any amount under this part sells his or her business or quits the business, the person’s successors or assigns shall withhold a sufficient amount of the purchase price to cover the amount due until the former owner produces a receipt from the board showing that it has been paid or a certificate stating that no amount is due.

Legislative history

Added by Stats. 1987, Ch. 498, Sec. 20.