Section 14. Whenever any licensee ceases to be a supplier or user-seller within the commonwealth by reason of the discontinuance, sale or transfer of the business of such licensee, he shall give notice thereof in writing to the commissioner. Such notice shall contain the date of discontinuance, and, in the event of a sale or transfer of the business, the date thereof and the name and address of the purchaser or transferee thereof. All taxes, penalties and interest due and payable under this chapter and current taxes shall, notwithstanding such provisions, become due and payable concurrently with such discontinuance, sale or transfer, and any such licensee shall make a return and pay all such taxes, interest and penalties, and shall surrender to the commissioner his license.
Unless such notice is given to the commissioner, the purchaser or transferee shall be liable to the commonwealth for the amount of all taxes, penalties and interest accrued under this chapter on the date of such sale or transfer against any such licensee, but only to the extent of the value of the property thereby acquired from such licensee.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 64e - Taxation of Special Fuels Used in the Propulsion of Motor Vehicles
Section 2 - Licenses; Prohibited Acts; Penalty; Lists of Licensees
Section 3 - Records and Written Statements
Section 4 - Payments; Tax Rate
Section 5 - Reimbursement of Excise Paid; Procedure, Etc.
Section 9 - Foreign and Interstate Commerce
Section 10 - Purchaser Required to Bear Tax Burden; Penalty
Section 11 - Penalty for Violations
Section 12 - Actions to Restrain Collection on Sales Exempted Under Federal Law
Section 13 - Disposition of Funds Received
Section 14 - Change of Status of Licensee; Notice
Section 15 - Penalties for Sale or Acquisition of Unlicensed Fuels