§ 15551.13. Notes and Accounts Receivable.

Source: https://govt.westlaw.com/calregs/Document/IEA14C8234C8311EC89E5000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Default)

The value of a note or account receivable, whether secured or unsecured, is presumed to be its face value plus accrued interest, if any, to the date of gift. A lower value may be established by the submission of satisfactory proof that the note or account is worth less because of default in interest, uncollectibility in part by reason of the insolvency of the maker or other parties liable, or for other cause.

Note: Reference: Section 15551, Revenue and Taxation Code.