Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 6815 — Payment on Termination of Business and Successor’s Liability
Cal. Rev. & Tax. Code § 6815
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If at the time a business is discontinued the board holds security pursuant to Section 6701 in the form of cash, government bonds, or insured deposits in banks or savings and loan institutions, such security when applied to the account of the taxpayer shall be deemed to be a payment on account…
Citator
Cal. Rev. & Tax. Code § 6815 — Payment on Termination of Business and Successor’s Liability is in force in the current edition of the Code, and nothing recorded condemns it.
If at the time a business is discontinued the board holds security pursuant to Section 6701 in the form of cash, government bonds, or insured deposits in banks or savings and loan institutions, such 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 board on the date the business is discontinued.