Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 3452 — Medium of Payment
Cal. Rev. & Tax. Code § 3452
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 1984-09-11
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The acceptance of negotiable paper constitutes payment for tax-defaulted property and tax-defaulted property sold at public auction as of the date of acceptance when, but not before, the negotiable paper is duly paid.
Citator
Cal. Rev. & Tax. Code § 3452 — Medium of Payment is in force in the current edition of the Code, and nothing recorded condemns it.
The acceptance of negotiable paper constitutes payment for tax-defaulted property and tax-defaulted property sold at public auction as of the date of acceptance when, but not before, the negotiable paper is duly paid.
When negotiable paper is so accepted, the deed to the property so purchased shall not be delivered until that negotiable paper is duly paid.