43-721. Immediate assessment upon bankruptcy or
receivership


Upon the adjudication of bankruptcy of any taxpayer in any bankruptcy proceeding or
the appointment of a receiver for any taxpayer in any receivership proceeding before any
court of the United States or of any state, any deficiency, interest, additional amounts
or additions to the tax provided for by law determined by the department in respect of a
tax imposed by this title upon the taxpayer may be immediately assessed.