California Revenue and Taxation Code 17009 – “Corporation” includes joint stock companies or associations …
Current as of: 2024 | Check for updates
|
Other versions
“Corporation” includes joint stock companies or associations (including nonprofit associations that perform services, borrow money or own property, and business trusts or other business entities taxable as a corporation under regulations of the Franchise Tax Board) and insurance companies. “Corporation” also includes a trust organized and operated exclusively for purposes contained in Section 23701d.
(Amended by Stats. 1997, Ch. 608, Sec. 1. Effective October 3, 1997.)
Terms Used In California Revenue and Taxation Code 17009
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.