“Interest” in any property includes any legal or equitable interest.
Cal. Rev. & Tax. Code § 115
Construction
Applied in 2 court decisions — leading case Schalk Chemical Company, a Corporation, Gerald I. Farman, Hazel I. Farman, John Carver Baker and Patricia Baker v. Commissioner of Internal Revenue (1962)
Most recently applied in Wilkinson v. Wilkinson (September 1975)
Enacted by Stats. 1939, Ch. 154.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.