§ 13-11. Sale of business; withholding taxes, etc., from purchase price; personal liability of purchasers.

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If any dealer liable for any tax, interest and penalty hereunder shall sell out his business or stock or goods, or shall quit the business, his successor, successors or assigns, if any, shall withhold a sufficient amount of the purchase money to cover the amount of such taxes, interest and penalties, due and unpaid until such time as the former owner shall produce a receipt from the tax collector showing that they have been paid, or a certificate stating that no taxes, interest or penalties are due. If the successor, successors or assigns, shall fail to withhold purchase money as provided above, he shall be personally liable for the payment of taxes, interest and penalties accrued and unpaid on account of the operation of the business by any former owner, owners or assignors.

(Ord. No. 8063, 6-1-87)

                    
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