REVENUE AND TAXATION CODE
SECTION 17321-17322.1
17321. Subchapter C of Chapter 1 of Subtitle A of the Internal
Revenue Code, relating to corporate distributions and adjustments,
shall apply, except as otherwise provided.
17322. For purposes of Section 302(c)(2) of the Internal Revenue
Code, the periods of limitation to be extended for one year are the
periods provided in Sections 19057 and 19371.
17322.1. (a) Section 302 of the Internal Revenue Code, relating to
distributions in redemption of stock, as amended by Section 306 of
the Regulated Investment Company Modernization Act of 2010 (Public
Law 111-325), shall apply, except as otherwise provided.
(b) Section 316 of the Internal Revenue Code, relating to dividend
defined, as amended by Section 305 of the Regulated Investment
Company Modernization Act of 2010 (Public Law 111-325), shall apply,
except as otherwise provided.
(c) (1) Subdivision (a) shall apply to distributions on or after
December 23, 2010.
(2) Subdivision (b) shall apply to distributions made in taxable
years beginning on or after December 23, 2010.
|