(1) When business is acquired or transferred, if the property of the transferor is insufficient to pay the national tax and forced collection charge, for which the liability of the transferor to pay taxes becomes final before the transfer is made, the transferee of the enterprise prescribed by Presidential Decree shall assume the secondary tax liability with respect to such insufficient amount, in an amount not exceeding the value of the transferred property. <Amended on Dec. 31, 2018; Dec. 22, 2020>
(2) The value of the transferred property under paragraph (1) shall be prescribed by Presidential Decree.[This Article Wholly Amended on Jan. 1, 2010]