Public-domain · open source
OpenJurist

Cal. Rev. & Tax. Code § 17855

Partners and Partnerships

Repealed and added by Stats. 1983, Ch. 488, Sec. 61

The term “unrealized receivables,” as defined by Section 751(c) of the Internal Revenue Code, shall not include any of the following:

(a) Stock in certain foreign corporations, as described in Section 1248 of the Internal Revenue Code.

(b) Oil, gas, or geothermal property, described in Section 1254 of the Internal Revenue Code.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.