{"code":"RTC","codeName":"Revenue and Taxation Code","section":"41127.5","citation":"Rev. & Tax. Code, § 41127.5","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. OTHER TAXES [6001. - 61050.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2"},{"name":"PART 20. EMERGENCY TELEPHONE USERS SURCHARGE ACT [41001. - 41176.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-20"},{"name":"CHAPTER 6. Collection of Tax [41115. - 41127.9.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-20/chapter-6"},{"name":"ARTICLE 4. Miscellaneous [41127.5. - 41127.9.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-20/chapter-6/article-4"}],"history":"Amended by Stats. 2021, Ch. 432, Sec. 124.   (SB 824)   Effective January 1, 2022.","effective":"2022-01-01","html":"<p>The department shall not be subject to subdivisions (c) and (d) of Section <a href=\"/corp/16307\">16307</a> of the Corporations Code unless, at the time of application for or issuance of a permit, license, or registration number under this part, the applicant furnishes to the department a written partnership agreement that provides that all business assets shall be held in the name of the partnership.</p>","text":"The department shall not be subject to subdivisions (c) and (d) of Section 16307 of the Corporations Code unless, at the time of application for or issuance of a permit, license, or registration number under this part, the applicant furnishes to the department a written partnership agreement that provides that all business assets shall be held in the name of the partnership.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/miscellaneous-41127-5","source":"California Legislative Information bulk export (pubinfo)"}