Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 7959 — Payment on Termination of Business
Cal. Rev. & Tax. Code § 7959
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Unless notice is given as provided by Section 7956, the purchaser or transferee becomes liable for all taxes and penalties under this part accrued against the vendor or transferor to the date of the sale or transfer, but only to the extent of the value of the property and business thereby acquired.
Citator
Cal. Rev. & Tax. Code § 7959 — Payment on Termination of Business is in force in the current edition of the Code, and nothing recorded condemns it.
Unless notice is given as provided by Section 7956, the purchaser or transferee becomes liable for all taxes and penalties under this part accrued against the vendor or transferor to the date of the sale or transfer, but only to the extent of the value of the property and business thereby acquired.