Cal. Rev. & Tax. Code § 23102

Current through the 2023 Legislative Session.

Section 23102 - Corporation engaging in no activities other than receipt and disbursement of dividends from stock or interest from bonds

Any corporation holding or organized to hold stock or bonds of any other corporation or corporations, and not trading in stock or bonds or other securities held, and engaging in no activities other than the receipt and disbursement of dividends from stock or interest from bonds, is not a corporation doing business in this State for the purposes of this chapter.

Ca. Rev. and Tax. Code § 23102

Amended by Stats. 1951, Ch. 72.