California § 23151.2 - Notwithstanding Section 23151, every corporation (except banks and financial corp
Full text of California Public Contract Code - PCC § 23151.2 — Notwithstanding Section 23151, every corporation (except banks and financial corp, with citation guidance and answers to common questions.
§ 23151.2. Notwithstanding Section 23151, every corporation (except banks and financial corp
Notwithstanding Section 23151, every corporation (except banks and financial corporations) not exempted from taxation by the provisions of the Constitution of this state or by this part which dissolves or withdraws, shall pay a tax for its taxable year of dissolution or withdrawal according to or measured by its net income for the taxable year in which it ceased doing business, unless that income has previously been included in the measure of tax for any taxable year, to be computed at the rate prescribed in Section 23151 for its taxable year of dissolution or withdrawal. In any event, the tax for the taxable year of its dissolution or withdrawal shall not be less than the minimum tax provided for in Section 23153 for that taxable year.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 23151.2
What does Public Contract Code - PCC § 23151.2 cover?
Section 23151.2 ("Notwithstanding Section 23151, every corporation (except banks and financial corp") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 23151.2?
A common citation format is "Public Contract Code - PCC § 23151.2" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 23151.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.