Sec. 12-224. Return of fiduciary.
Sec. 12-224. Return of fiduciary. Any fiduciary who conducts or is liquidating
the business or is selling the assets of any company shall be subject to the filing of
returns in accord with, and to the payment of taxes imposed by, this part in the same
manner and to the same extent as if the business were being conducted or liquidated or
assets sold by agents or officers of such company. The return of a fiduciary who has
been appointed during the income year shall include complete information for that part
of the income year during which the company exercised its franchise as well as for that
part of the income year in which the fiduciary himself was acting and taxes shall be paid
by the fiduciary for both parts of such income year.
(1949 Rev., S. 1905.)
See Sec. 12-242f re obligations of fiduciary under part II of this chapter.