ARTICLE 7. Payment on Termination of Business and Successor’s Liability [38561. - 38565.]

Article 7 added by Stats. 1985, Ch. 186, Sec. 15.

§§ 38561–38565 · 5 sections

• § 38561 If any person liable for any amount under this part sells out his or her business or quits the business, the person’s successors or assigns shall withhold…
• § 38562 If the purchaser of a business fails to withhold from the purchase price as required, the purchaser becomes personally liable for the payment of the amount…
• § 38563 The certificate may be issued after the payment of all amounts due under this part, according to the records of the board as of the date of this certificate,…
• § 38564 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…
• § 38565 If at the time a business is discontinued the board holds security pursuant to Section 38501 in the form of cash, government bonds, or insured deposits in…