California Revenue and Taxation Code 7934 – The Controller shall distribute the proceeds of the sale in the …
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The Controller shall distribute the proceeds of the sale in the following order:
(a) The payment of all expenses of the sale.
Terms Used In California Revenue and Taxation Code 7934
- Controller: means the State Controller. See California Revenue and Taxation Code 21
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
(b) The payment of all amounts due from the supplier under this part.
(c) The remainder to the General Fund of the state.
(Amended by Stats. 2000, Ch. 1053, Sec. 23. Effective January 1, 2001. Operative January 1, 2002, by Sec. 53 of Ch. 1053.)