California Revenue and Taxation Code 23332.5 – If a financial corporation ceases doing business, dissolves, or …
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If a financial corporation ceases doing business, dissolves, or withdraws from the state during any taxable year, the tax for the taxable year during which cessation of doing business, dissolution or withdrawal occurs shall be computed as prescribed by subdivision (b) or (d) of Section 23183, 23183.1, or 23183.2.
(Amended by Stats. 1997, Ch. 605, Sec. 70. Effective January 1, 1998.)
Terms Used In California Revenue and Taxation Code 23332.5
- 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.