For the purposes of this division, the lessee of tangible personal property owned by a bank or financial corporation shall be conclusively presumed the owner of that property.
Cal. Rev. & Tax. Code § 235
Taxable and Exempt Property
Added by Stats. 1986, Ch. 1457, Sec. 8.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.