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 24951.
Latest version.
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Section 1036 of the Internal Revenue Code, relating to stock for stock of same corporation, shall apply, except as otherwise provided.
(Amended by Stats. 1993, Ch. 877, Sec. 83. Effective October 6, 1993.)