California § 24917 - Whenever it appears that the basis of property in the hands of the corporation is
Full text of California Public Contract Code - PCC § 24917 — Whenever it appears that the basis of property in the hands of the corporation is, with citation guidance and answers to common questions.
§ 24917. Whenever it appears that the basis of property in the hands of the corporation is
Whenever it appears that the basis of property in the hands of the corporation is a substituted basis, then the adjustments provided in Section 24916 shall be made after first making in respect of that substituted basis proper adjustments of a similar nature in respect of the period during which the property was held by the transferor, donor, or grantor, or during which the other property was held by the person for whom the basis is to be determined. A similar rule shall be applied in the case of a series of substituted bases.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 24917
What does Public Contract Code - PCC § 24917 cover?
Section 24917 ("Whenever it appears that the basis of property in the hands of the corporation is") 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 § 24917?
A common citation format is "Public Contract Code - PCC § 24917" (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 § 24917 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.