§ 60048
57 words·~1 min read·
/ca/revenue-and-taxation-code/60048A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“Sale” means:
(a)The transfer of title to diesel fuel (other than diesel fuel in a terminal) to a buyer for consideration, which may consist of money, services, or other property.
(b)The transfer of the inventory position in the diesel fuel in a terminal if the buyer becomes the positionholder with respect to the diesel fuel.