California Law (Last Updated: March 4, 2014) |
Revenue and Taxation Code - RTC |
Division 2. OTHER TAXES |
Part 11. CORPORATION TAX LAW |
Chapter 15. Gain or Loss on Disposition of Property |
ARTICLE 3. Nontaxable Exchanges |
Section 24950.
Latest version.
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Section 1035 of the Internal Revenue Code, relating to certain exchanges of insurance policies, shall apply, except as otherwise provided.
(Amended by Stats. 1993, Ch. 877, Sec. 82. Effective October 6, 1993.)