{"code":"RTC","codeName":"Revenue and Taxation Code","section":"11521","citation":"Rev. & Tax. Code, § 11521","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. OTHER TAXES [6001. - 61050.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2"},{"name":"PART 6. PRIVATE RAILROAD CAR TAX [11201. - 11702.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-6"},{"name":"CHAPTER 4. Collection of Tax [11451. - 11534.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-6/chapter-4"},{"name":"ARTICLE 6. Payment on Termination of Business and Successor’s Liability [11521. - 11524.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-6/chapter-4/article-6"}],"history":"Added by Stats. 1987, Ch. 498, Sec. 20.","effective":null,"html":"<p>If any person liable for any amount under this part sells his or her business or quits the business, the person’s successors or assigns shall withhold a sufficient amount of the purchase price to cover the amount due until the former owner produces a receipt from the board showing that it has been paid or a certificate stating that no amount is due.</p>","text":"If any person liable for any amount under this part sells his or her business or quits the business, the person’s successors or assigns shall withhold a sufficient amount of the purchase price to cover the amount due until the former owner produces a receipt from the board showing that it has been paid or a certificate stating that no amount is due.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/payment-on-termination-of-business-and-successors-liability-11521","source":"California Legislative Information bulk export (pubinfo)"}