Amendment status not verified — confirm the current text below against the official source.
Tax when payable by transferee—When the business or stock of a registered dealer passes on 1o any Porson or persons whether by sale, inherilance, gift, possessions or otherwise, the liability to pay aly tax payable in respect af any purchase of taxable goods and remaining unpaid at the time of such Passing on shall be jointly and severally ca ile dealer end such bersen of persons shall, within #0 days of Such passing on, apply for registration under cection 5.