California Revenue and Taxation Code

§ 45607

RTC § 45607 Effective Sep 28, 1987Div. 2 · Part 23 · Ch. 4 · Art. 5

Statute text

The amounts required to be paid by any person under this part together with interest and penalties shall be satisfied first in any of the following cases:

(a)Whenever the person is insolvent.

(b)Whenever the person makes a voluntary assignment of his or her assets.

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Legislative history

Added by Stats. 1987, Ch. 1319, Sec. 6. Effective September 28, 1987.