California Revenue and Taxation Code

§ 38561

RTC § 38561Div. 2 · Part 18.5 · Ch. 6 · Art. 7

Statute text

If any person liable for any amount under this part sells out his or her business or quits the business, the person’s successors or assigns shall withhold sufficient of the purchase price to cover the 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

Added by Stats. 1985, Ch. 186, Sec. 15.