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§ 15104.6. Permitting Statute of Limitations to Run on Obligation.

18 CA ADC § 15104.6Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 18. Public Revenues
Division 2.5. State Controller (Refs & Annos)
Chapter 2. Gift Tax (Refs & Annos)
Article 1. Definitions
18 CCR § 15104.6
§ 15104.6. Permitting Statute of Limitations to Run on Obligation.
Currentness
If A lends money to B, and then with donative intent permits the statute of limitations to run against his right to recover in an action at law upon the obligation, a gift to B occurs when the statute of limitations has run.
Note: Reference: Section 15104, Revenue and Taxation Code.
This database is current through 6/14/24 Register 2024, No. 24.
Cal. Admin. Code tit. 18, § 15104.6, 18 CA ADC § 15104.6
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