Cal. Revenue and Taxation Code § 38565

California · California Revenue and Taxation Code · Status: effective

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Citation: Cal. Revenue and Taxation Code § 38565, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/923067
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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 banks or savings and loan institutions, this 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.