§ 17855
52 words·~1 min read·
/ca/revenue-and-taxation-code/17855A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The term “unrealized receivables,” as defined by Section 751(c) of the Internal Revenue Code, shall not include any of the following:
(a)Stock in certain foreign corporations, as described in Section 1248 of the Internal Revenue Code.
(b)Oil, gas, or geothermal property, described in Section 1254 of the Internal Revenue Code.