California Revenue and Taxation Code

§ 41127.5

RTC § 41127.5 Effective Jan 1, 2022Div. 2 · Part 20 · Ch. 6 · Art. 4

Statute text

The department shall not be subject to subdivisions (c) and (d) of Section 16307 of the Corporations Code unless, at the time of application for or issuance of a permit, license, or registration number under this part, the applicant furnishes to the department a written partnership agreement that provides that all business assets shall be held in the name of the partnership.

Legislative history

Amended by Stats. 2021, Ch. 432, Sec. 124. (SB 824) Effective January 1, 2022.