California Revenue and Taxation Code 235 – For the purposes of this division, the lessee of tangible personal …
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For the purposes of this division, the lessee of tangible personal property owned by a bank or financial corporation shall be conclusively presumed the owner of that property.
(Added by Stats. 1986, Ch. 1457, Sec. 8.)
Terms Used In California Revenue and Taxation Code 235
- 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.
- Personal property: All property that is not real property.