The board shall not be subject to subdivisions (c) and (d) of Section 16307 of the Corporations Code unless, at the time of application for a seller’s permit, the applicant furnishes to the board a written partnership agreement that provides that all business assets shall be held in the name of the partnership.
Cal. Rev. & Tax. Code § 6831
Miscellaneous Provisions
Applied in 1 court decision — leading case State Board of Equalization v. Leal (In Re Leal) (2007)
Most recently applied in State Board of Equalization v. Leal (In Re Leal) (March 2007)
Added by Stats. 1996, Ch. 1003, Sec. 4.5
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.