The acceptance of negotiable paper constitutes a payment of a tax, assessment, or redemption as of the date of acceptance when, but not before, the negotiable paper is duly paid.
Cal. Rev. & Tax. Code § 2506
Medium of Payment
Amended by Stats. 1957, Ch. 155.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.