California Statutes
§ 19253. — 19253. (Added by Stats. 1993, Ch. 31, Sec. 26.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 10.2. PART 10.2. ADMINISTRATION OF FRANCHISE AND INCOME TAX LAWS·Ch. 5. CHAPTER 5. Collection of Tax·Art. 4. ARTICLE 4. Miscellaneous Provisions
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 assets.
(c)Whenever the estate of the person in the hands of executors, administrators, or
heirs is insufficient to pay all the debts due from the deceased.
(d)Whenever the estate and effects of an absconding, concealed, or absent person required to pay any amount under this part are levied upon by process of law.
This section does not give the state a preference over any lien or security interest which was recorded or perfected prior to the time when the state records or files its lien as provided in Section 7171 of the Government Code.
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California § 19253. (19253. (Added by Stats. 1993, Ch. 31, Sec. 26.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1993, Ch. 31, Sec. 26. Effective June 16, 1993. Operative January 1, 1994, by Sec. 83 of Ch. 31.