Revenue and Taxation Code section 17855

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.

Source: Section 17855, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=17855. (updated Jul. 28, 1983; accessed Aug. 4, 2025).

17851
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17853
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17855
17856
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17858
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17865

Up to date

Verified:
Aug. 4, 2025

§ 17855's source at ca.gov

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Location: https://california.public.law/codes/revenue_and_taxation_code_section_17855

Original Source: Section 17855, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=17855. (last accessed May 12, 2025).