...date of the levy, or, in the case of a continuing levy on salary or wages (see section 6331(dX3)), from the date the person would otherwise have been...director, or who pays a liability described in paragraph (bid) of this section, is discharged from any obligation or liability to the delinquent taxpayer and...

...exist to refuse to honor a later levy made under similar circumstances. (c) Effect of honoring levy. Any person in possession of, or obligated with respect...discharged from any obligation or liability to the delin quent taxpayer with respect to the property or rights to property arising from the surrender...

...of life insurance and endowment contracts, and in §301.6332-3, relating to property held by banks, any person in possession of (or obligated with respect...subject to levy and upon which a levy has been made shall, upon demand of the district director, surrender the property or rights (or discharge the obligation)...

...PROPERTY FOR COLLECTION OF TAXES § 301.6332-1 Surrender of property subject to levy. (a) Requirement — (1) In general. Any person in possession of (or obligated...to) property or rights to property subject to levy upon which a levy has been made shall, upon demand of the district director, surrender such property...

...exist to refuse to honor a later levy made under similar circumstances. (c) Effect of honoring levy. Any person in possession of, or obligated with respect...property or rights to property subject to levy and uP0/l which a levy has been made who, upon demand by the district director, surrenders the property...

...of certain transferees against a Federal tax lien. Levy may be made by serving a notice of levy on any person in possession of, or obligated with respect...to, property or rights to property subject to levy. including receivables, bank accounts, evidences of debt, securities, and salaries, wages, commissions,...

...of certain transferees against a Federal tax lien. Levy may be made by serving a notice of levy on any person in possession of, or obligated with respect...to, property or rights to property subject to levy, including receivables, bank accounts, evidences of debt, securities, and salaries, wages, commissions,...

...the tax liability for the collection of which such levy was made. (d) EFFECT OF HONORING LEVY. — Any person in possession of (or obligated with respect...to) property or rights to property subject to levy upon which a levy has been made who, upon demand by the Secretary or his delegate, surrenders such...

...discharge the obligation. SEC. 301.6332-1. SURRENDER OF PROPERTY SUBJECT TO LEVY. — (a) Requirement. — Any person in possession of (or obligated with respect...to) property or rights to property subject to levy upon which a levy has been made shall, upon demand of the District Director, surrender such property...

...deals with the surrender of property subject to levy. Subsection (a) of section 6332 requires that "any person in possession of (or obligated with respect...to) property or rights to property subject to levy upon which a levy has been made shall" surrender such property or rights. Subsection (c) of the same...