§ 8102-C.5. Acquired company
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: January 1, 2014
Effective: January 1, 2014
72 P.S. § 8102-C.5
§ 8102-C.5. Acquired company
(b.2) A family farm business is an acquired company when, because of voluntary or involuntary dissolution, it ceases to be a family farm business or when, because of the issuance or transfer of stock in the corporation or transfer of interests in the association or because of acquisition or transfer of assets that are devoted to the business of agriculture, it fails to meet the minimum requirements of a family farm business under this article.
(c) Within thirty days after becoming an acquired company, the company shall present a declaration of acquisition with the recorder of each county in which it holds real estate for the affixation of documentary stamps and recording. Such declaration shall set forth the value of real estate holdings of the acquired company in such county.
Credits
1971, March 4, P.L. 6, No. 2, art. XI-C, § 1102-C.5, added 1986, July 2, P.L. 318, No. 77, § 11, imd. effective. Amended 1994, June 16, P.L. 279, No. 48, § 29, effective July 1, 1994; 2012, July 2, P.L. 751, No. 85, § 12; 2013, July 9, P.L. 270, No. 52, § 26, effective Jan. 1, 2014.
72 P.S. § 8102-C.5, PA ST 72 P.S. § 8102-C.5
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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