Revenue and Taxation Code - RTC
DIVISION 2. OTHER TAXES [6001 - 61050]
( Heading of Division 2 amended by Stats. 1968, Ch. 279. ) PART 11. CORPORATION TAX LAW [23001 - 25141]
( Heading of Part 11 amended by Stats. 2001, Ch. 543, Sec. 21. ) CHAPTER 2. The Corporation Franchise Tax [23101 - 23364a]
( Heading of Chapter 2 amended by Stats. 2001, Ch. 543, Sec. 26. ) ARTICLE 1. Definitions and General Provisions [23101 - 23114]
( Article 1 added by Stats. 1949, Ch. 557. ) 23102.
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.
(Amended by Stats. 1951, Ch. 72.)