Georgia § 48-9-7 Discontinuance, sale, or transfer of distributor's operations; notice to commissioner; payment of taxes concurrent with discontinuance, sale, or transfer; failure to give notice

Georgia Statutes

§ 48-9-7 — Discontinuance, sale, or transfer of distributor's operations; notice to commissioner; payment of taxes concurrent with discontinuance, sale, or transfer; failure to give notice

Georgia § 48-9-7

Title48

This text of Georgia § 48-9-7 (Discontinuance, sale, or transfer of distributor's operations; notice to commissioner; payment of taxes concurrent with discontinuance, sale, or transfer; failure to give notice) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 48-9-7 (2026).

Text

(a)When any distributor ceases his operations or has a change in legal entity, the distributor shall notify the commissioner in writing at least ten days prior to the discontinuance, sale, or transfer of the operations. The notice shall give the date of discontinuance, sale, or transfer and shall give the name of the entity acquiring the operations. All taxes, penalties, and interest due and payable under this article shall be paid concurrently with the discontinuance, sale, or transfer of the operations.

(b)Failure to give the notice required by this Code section shall make the purchaser or transferee liable to the state for all taxes, penalties, and interest due, but only to the extent of the value of the assets acquired from the distributor.

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(a) When any distributor ceases his operations or has a change in legal entity, the distributor shall notify the commissioner in writing at least ten days prior to the discontinuance, sale, or transfer of the operations. The notice shall give the date of discontinuance, sale, or transfer and shall give the name of the entity acquiring the operations. All taxes, penalties, and interest due and payable under this article shall be paid concurrently with the discontinuance, sale, or transfer of the operations. (b) Failure to give the notice required by this Code section shall make the purchaser or transferee liable to the state for all taxes, penalties, and interest due, but only to the extent of the value of the assets acquired from the distributor.