California Revenue and Taxation Code

§ 50138

RTC § 50138 Effective Oct 2, 1989Div. 2 · Part 26 · Ch. 4 · Art. 5

Statute text

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

(1)Whenever the person is insolvent.

(2)Whenever the person makes a voluntary assignment of the person’s assets.

…

Legislative history

Added by Stats. 1989, Ch. 1442, Sec. 6. Effective October 2, 1989.