California Statutes
§ 38561. — 38561. (Added by Stats. 1985, Ch. 186, Sec. 15.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 18.5. PART 18.5. TIMBER YIELD TAX·Ch. 6. CHAPTER 6. Collection of Taxes·Art. 7. ARTICLE 7. Payment on Termination of Business and Successor’s Liability
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.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 38561. (38561. (Added by Stats. 1985, Ch. 186, Sec. 15.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1985, Ch. 186, Sec. 15.