Revenue and Taxation Code section 12495

No court shall make and enter a final discharge in bankruptcy or decree of dissolution, nor shall any county clerk or the Secretary of State file a discharge, decree, or any other document by which the term of existence of a corporation or surplus line broker’s business is reduced, or a surplus line broker’s assets are transferred to a new owner until all taxes, interest, penalties, and costs are paid and discharged.

Source: Section 12495, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=12495.­ (updated Jan. 1, 2006; accessed Nov. 3, 2025).

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Verified:
Nov. 3, 2025

§ 12495's source at ca​.gov