§ 16068. Termination of Lien when Bond Given re Contingent Interests.

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If a bond is filed with the Controller for the purpose of deferring the payment of tax in a case where the interest of a donee depends upon a contingency or condition, (see Revenue and Taxation Code Sections 15931 through 15937), any lien upon the property ceases when the bond is approved by the Controller.

Note

Note: Reference: Section 16068, Revenue and Taxation Code.

                    
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