(35 ILCS 5/1405) (from Ch. 120, par. 14-1405)
Sec. 1405.
Transferees.
The liability of a transferee of property of a taxpayer for any tax,
penalty or interest due the Department under this Act, shall be
assessed, paid and collected in the same manner and subject to the same
provisions as in the case of the tax to which the
liability relates, except that the period of limitations for the issuance
of a notice of deficiency with respect to such liability shall be as provided
in Section 905 (m). The term "transferee" includes donee, heir, legatee
and distributee and bulk purchasers under Section 902 (d).
(Source: P.A. 84-1308.)
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