§ 13-802. Failure to give notice of or unlawful transfer in bulk sale

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   If the transferee or auctioneer in a bulk transfer fails to file the notice required in § 11-505 of this article or to retain consideration in an amount equal to the claim of the Comptroller for unpaid sales and use tax:

   (1) any consideration in the bulk transfer is subject to a first priority right and lien for any sales and use tax that the transferor owes to the State; and

   (2) the transferee or auctioneer is personally liable for the sales and use tax, interest and penalties that the transferor owes to the State.

HISTORY: An. Code 1957, art. 81, § 355, 356; 1988, ch. 2, § 1; ch. 282.

                    
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