California Revenue and Taxation Code

§ 19226

RTC § 19226 Effective Oct 10, 1999Div. 2 · Part 10.2 · Ch. 5 · Art. 2

Statute text

(a)At the request of the owner whose property is subject to any lien under Section 19221, the Franchise Tax Board shall issue a release of lien from that property if the owner is not the person whose unsatisfied liability gave rise to the lien and the owner does either of the following:

(1)Deposits with the Franchise Tax Board an amount of money equal to the value of the interest of the state (as determined by the Franchise Tax Board) in the property.

(2)Furnishes a bond acceptable to the Franchise Tax Board in a like amount.

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Legislative history

Added by Stats. 1999, Ch. 931, Sec. 21. Effective October 10, 1999.