Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Revenue and Taxation Code

Property Taxation

Part 6. Tax Sales

Chapter 2.2. Medium of Payment

Section 3452

3452. Acceptance as payment. 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.

History.—Added by Stats. 1945, p. 1310, in effect September 15, 1945. Stats. 1984, Ch. 988, in effect September 11, 1984, substituted "tax-defaulted" for "tax-sold" and for "tax-deeded." in the first paragraph, and deleted "unless and" before "until," and substituted "that" for "such" in the second paragraph.

Note.—See note following Section 2194.