Statute · California Revenue and Taxation Code

Cal. Rev. & Tax. Code § 38564 — Payment on Termination of Business and Successor’s Liability

Cal. Rev. & Tax. Code § 38564

Type: Statute
Source: California Revenue and Taxation Code
Jurisdiction: California
Date: 1991-07-29
Current through: Nov 2, 2026 (California Legislative Counsel)

Citator

Cal. Rev. & Tax. Code § 38564 — Payment on Termination of Business and Successor’s Liability is in force in the current edition of the Code, and nothing recorded condemns it.

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 manner prescribed for service of a notice of a deficiency determination, not later than three years after the date the board is notified of the purchase of the business. The successor may petition for reconsideration in the manner provided in Article 5 (commencing with Section 38441) of Chapter 5. The notice shall become final and the amount due and payable in the manner provided in that article except that no additional penalty shall apply if not paid when due and payable. The provisions of this chapter with respect to the collection of any amount required to be paid under this part shall apply when the notice becomes final.