CH. 64—COLLECTION
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Subchapter B—Receipt of Payment Sec. 6311. Payment by check or money order. Sec. 6312. Payment by United States notes and certificates of indebtedness. Sec. 6313. Fractional parts of a cent. Sec. 6314. Receipt for taxes. Sec. 6315. Payments of estimated income tax. Sec. 6316. Payment by foreign currency. SEC. 6311. PAYMENT BY CHECK OR MONEY ORDER. (a) AUTHORITY TO R E C E IV E. — I t shall be lawful for the Secretary
or his delegate to receive for internal revenue taxes, or in payment for internal revenue stamps, checks or money orders, to the extent and under the conditions provided in regulations prescribed by the Secretary or his delegate. (b) C H E C K OR M O N E Y ORDER U N P A I D. — (1) ULTIMATE LIABILITY.—If a check or money order so received
is not duly paid, the person by whom such check or money order has been tendered shall remain liable for the payment of the tax or for the stamps, and for all legal penalties and additions, to the same extent as if such check or money order had not been tendered. (2) LIABILITY OP BANKS AND OTHERS.—If any certified, treasurer's, or cashier's check or any money order so received is not duly paid, the United States shall, in addition to its right to exact payment from the party originally indebted therefor, have a lien for the amount of such check upon all the assets of the bank or trust company on which drawn or for the amount of such money order upon all the assets of the issuer thereof; and such amount shall be paid out of such assets in preference to any other claims whatsoever against such bank or issuer except the necessary costs and expenses of administration and the reimbursement of the United States for the amount expended in the redemption of the circulating notes of such bank. SEC. 6312. PAYMENT BY UNITED STATES NOTES AND CERTIFICATES OF INDEBTEDNESS. (a) GENERAL RULE. — I t shall be lawful for the Secretary or his
delegate to receive, at par with an adjustment for accrued interest, Treasury bills, notes and certificates of indebtedness issued by the United States in payment of any internal revenue taxes, or in payment for internal revenue stamps, to the extent and under the conditions provided in regulations prescribed by the Secretary or his delegate. (b) CROSS R E F E R E N C E S. — (1) For authority to receive silver certificates, see section 5 of the act of June 19, 1934 (48 Stat. 1178; 31 U.S.C. 405a). (2) For full legal tender status of all coins and currencies of the United States, see section 43(b)(1) of the Agricultural Adjustment Act, as amended (48 Stat. 52, 113; 31 U.S.C. 462). (3) For authority to receive obligations under the Second Liberty Bond Act, see section 20(b) of that act, as amended (56 Stat. 189; 31 U.S.C. 754b). § 6312(b)(3) 49012°—54
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