CHAPTER 1. General Provisions

Chapter 1 enacted by Stats. 1990, Ch. 79.

§§ 21500–21503 · 4 sections

• § 21500 As used in this part, “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended from time to time. A reference to a provision of the Internal…
• § 21501 (a) This part applies to a distribution made on or after January 1, 1988, whether the transferor died before, on, or after that date. (b) A distribution made…
• § 21502 (a) This part does not apply to an instrument the terms of which expressly or by necessary implication make this part inapplicable. (b) By an appropriate…
• § 21503 (a) If an instrument includes a formula intended to eliminate the federal estate tax, the formula shall be applied to eliminate or to reduce to the maximum…