California § 7487. 7487. (Repealed and added by Stats. 2001, Ch. 429, Sec. 28.)

California Statutes

§ 7487. — 7487. (Repealed and added by Stats. 2001, Ch. 429, Sec. 28.)

California § 7487.

JurisdictionCalifornia

Code RTCRevenue and Taxation Code - RTC

Div. 2.DIVISION 2. OTHER TAXES

Part 2.PART 2. MOTOR VEHICLE FUEL TAX LAW

Ch. 4.CHAPTER 4. Licenses and Bonds

Art. 4.ARTICLE 4. Bonds

This text of California § 7487. (7487. (Repealed and added by Stats. 2001, Ch. 429, Sec. 28.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Revenue and Taxation Code - RTC Code § 7487. (2026).

Text

If, at the time a person ceases to operate under this part, the board holds a security pursuant to Section 7486 in the form of cash, or insured deposits in banks or savings and loan institutions, the security when applied to the account of the taxpayer shall be deemed to be a payment on account of any liability of the taxpayer to the Controller on the date the person ceases to operate under this part.

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If, at the time a person ceases to operate under this part, the board holds a security pursuant to Section 7486 in the form of cash, or insured deposits in banks or savings and loan institutions, the security when applied to the account of the taxpayer shall be deemed to be a payment on account of any liability of the taxpayer to the Controller on the date the person ceases to operate under this part.

Legislative History

Repealed and added by Stats. 2001, Ch. 429, Sec. 28. Effective October 2, 2001. Operative January 1, 2002, by Sec. 78 of Ch. 429.

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California § 7487., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/7487..