California § 23702 - Section 502 of the Internal Revenue Code, relating to feeder organizations, shall
Full text of California Public Contract Code - PCC § 23702 — Section 502 of the Internal Revenue Code, relating to feeder organizations, shall, with citation guidance and answers to common questions.
§ 23702. Section 502 of the Internal Revenue Code, relating to feeder organizations, shall
Section 502 of the Internal Revenue Code, relating to feeder organizations, shall apply, except as otherwise provided. (a) Exemption shall not be allowed to any organization on the basis that all of its profits are payable to another organization exempt from taxation under either Section 501 of the Internal Revenue Code or this article, if that business activity is being conducted by a separate organization. (b) The reference to Section 501 of the Internal Revenue Code, relating to exemption, shall be modified to refer to Section 23701. (c) The reference to Sections 512 and 512(b)(3) of the Internal Revenue Code, relating to the exclusion of the deriving of rents from the definition of âtrade or business,â shall be modified to refer to Section 23732.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 23702
What does Public Contract Code - PCC § 23702 cover?
Section 23702 ("Section 502 of the Internal Revenue Code, relating to feeder organizations, shall") 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 § 23702?
A common citation format is "Public Contract Code - PCC § 23702" (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 § 23702 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.