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 15. Gain or Loss on Disposition of Property [24901 - 24998]
( Chapter 15 added by Stats. 1955, Ch. 938. ) ARTICLE 3. Nontaxable Exchanges [24941 - 24956]
( Article 3 added by Stats. 1955, Ch. 938. ) 24949.
For purposes of this part, if livestock are destroyed by or on account of disease, or are sold or exchanged because of disease, such destruction or such sale or exchange shall be treated as an involuntary conversion to which Sections 24943 to 24949, inclusive, apply.
(Added by Stats. 1961, Ch. 846.)