§ 15104.7. Transfer of Corporate Property.
18 CA ADC § 15104.7Barclays Official California Code of Regulations
18 CCR § 15104.7
§ 15104.7. Transfer of Corporate Property.
A transfer of property by a corporation to A not made for an adequate and full consideration in money or money's worth is a gift to the latter from the stockholders or members of the corporation in proportion to their respective interests, except where A himself is a stockholder or member of the corporation and the transfer is a distribution to him as such from earnings or as a result of a liquidation.
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, § 15104.7, 18 CA ADC § 15104.7
| End of Document |