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New Laws

Jan. 7, 2015

Family law/probate

Family law/probate

* AB 296 (Wagner) Provides that an allocation to principal of money received in total or partial liquidation of an entity or money received that is a capital gain dividend distribution, as specified, does not include a net short-term capital gain distribution from a regulated investment company or a real estate investment trust (REIT). An act to amend Section 16350 of the Probate Code, relating to trusts, and declaring the urgency thereof, to take effect i...

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