California Revenue and Taxation Code ARTICLE 7 - Payment on Termination of Business and Successor’s Liability

• Section 38561.
  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...
• Section 38562.
  If the purchaser of a business fails to withhold from the purchase price as required, the purchaser becomes personally liable for the payment of the...
• Section 38563.
  The certificate may be issued after the payment of all amounts due under this part, according to the records of the board as of the...
• Section 38564.
  The obligation of the successor shall be enforced by serving a notice of successor liability on the person. The notice shall be served in the...
• Section 38565.
  If at the time a business is discontinued the board holds security pursuant to Section 38501 in the form of cash, government bonds, or insured...

Last modified: October 22, 2018