California § 20214. 20214. (Enacted by Stats. 1990, Ch. 79.)

California Statutes

§ 20214. — 20214. (Enacted by Stats. 1990, Ch. 79.)

California·Code PROB Probate Code - PROB·Div. 10. DIVISION 10. PRORATION OF TAXES·Ch. 2. CHAPTER 2. Proration of Taxes on Generation-Skipping Transfer·Art. 2. ARTICLE 2. Proration

(a)If all property does not come into the possession of the trustee, the trustee is entitled, and has the duty, to recover from the transferees, the proportionate amount of the tax with which the transferees are chargeable under this chapter.

(b)If the trustee cannot collect from any transferee the amount of tax apportioned to the transferee, the amount not recoverable shall be equitably prorated among the other transferees who are subject to proration.

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(a)
If all property does not come into the possession of the trustee, the trustee is entitled, and has the duty, to recover from the transferees, the proportionate amount of the tax with which the transferees are chargeable under this chapter.
(b)
If the trustee cannot collect from any transferee the amount of tax apportioned to the transferee, the amount not recoverable shall be equitably prorated among the other transferees who are subject to proration.

California § 20214. (20214. (Enacted by Stats. 1990, Ch. 79.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Enacted by Stats. 1990, Ch. 79.

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