Sec. 7-4.4. Liability of transferees

Tax Law, § 1093(a)

The liability, at law or in equity, of a transferee of property of a taxpayer for any tax, additions to tax, penalty or interest due the Tax Commission under article 9-A or 27, is to be assessed, paid and collected in the same manner and subject to the same provisions and limitations as in the case of the tax to which the liability relates, except that the period of limitations for assessment against the transferee will be extended by one year for each successive transfer, in order, from the original taxpayer to the transferee involved, but not by more than three years in the aggregate. The term transferee includes, in case of successive transfers, donee, heir, legatee, devisee, distributee, and successor by merger, consolidation or other reorganization.