Revenue and Taxation Code section 7332

“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.

Source: Section 7332, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=7332.­ (updated Jan. 1, 2001; accessed Jul. 14, 2025).

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Verified:
Jul. 14, 2025

§ 7332's source at ca​.gov