California Revenue and Taxation Code

§ 9021

RTC § 9021 Effective Sep 28, 1994Div. 2 · Part 3 · Ch. 5 · Art. 4.5

Statute text

If any vendor liable for any amount under this part sells out his or her business or stock of goods or quits the business, his or her successor or assigns shall withhold from the purchase price an amount sufficient to cover that amount 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

Amended by Stats. 1994, Ch. 912, Sec. 13. Effective September 28, 1994. Operative July 1, 1995, by Sec. 26 of Ch. 912.