California Statutes
§ 5083. — 5083. (Added by Stats. 1979, Ch. 31.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 1. DIVISION 1. PROPERTY TAXATION·Part 9. PART 9. CORRECTIONS, CANCELLATIONS, AND REFUNDS·Ch. 4. CHAPTER 4. Cancellations·Art. 5. ARTICLE 5. Cancellation of Taxes on Exempt Property
If exempt property is acquired either by negotiated purchase or eminent domain any lien on the property for ad valorem taxes is extinguished as a matter of law upon the acquisition of the property, and the lien immediately transfers and attaches to the proceeds constituting the purchase price or award.
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California § 5083. (5083. (Added by Stats. 1979, Ch. 31.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1979, Ch. 31.