California Law (Last Updated: March 4, 2014) |
Revenue and Taxation Code - RTC |
Division 2. OTHER TAXES |
Part 7. INSURANCE TAXATION |
Chapter 4. Assessment and Effect of Tax |
ARTICLE 4. Effect of Tax |
Section 12494.
Latest version.
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(a) No judgment is satisfied nor lien removed until either:
(1) The taxes, interest, penalties, and costs are paid.
(2) The insurer's, surplus line broker's, or Medi-Cal managed care plan's property is sold for the payment thereof.
(b) This section shall be operative on July 1, 2012, and become inoperative on July 1, 2013. As of January 1, 2015, this section shall be repealed.
(Repealed and added by Stats. 2013, Ch. 33, Sec. 87. Effective June 27, 2013. Section operative as of July 1, 2012, by its own provisions. Inoperative July 1, 2013. Repealed as of January 1, 2015, by its own provisions. See later operative version added by Ch. 33.)