Section 60403 Of Article 1. Security For Tax From California Revenue And Taxation Code >> Division 2. >> Part 31. >> Chapter 7. >> Article 1.

. After receiving the notice, the persons so notified shall not transfer nor make any other disposition of the credits, other personal property, or debts in their possession or under their control at the time they receive the notice until the board consents to a transfer or disposition or until 60 days elapse after the receipt of the notice, whichever period expires earlier.