§ 7332
78 words·~1 min read·
/ca/revenue-and-taxation-code/7332A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“Position holder” includes any person that holds the inventory position in the motor vehicle fuel, as reflected on the records of the terminal operator. A person holds the inventory position in motor vehicle fuel when that person has a contractual agreement with the terminal operator for the use of storage facilities and terminaling services at a terminal with respect to the motor vehicle fuel. “Position holder” includes a terminal operator that owns motor vehicle fuel in its terminal.