Cal. RTC § 3452
This is the official text of Cal. RTC § 3452, part of California’s Revenue and Taxation Code — governs state and local taxation, including income and property tax.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Official statutory text
The acceptance of negotiable paper constitutes payment for tax-defaulted property and tax-defaulted property sold at public auction as of the date of acceptance when, but not before, the negotiable paper is duly paid.
When negotiable paper is so accepted, the deed to the property so purchased shall not be delivered until that negotiable paper is duly paid.
When negotiable paper is so accepted, the deed to the property so purchased shall not be delivered until that negotiable paper is duly paid.
Status: in_force · Read it on the official government site
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