Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2013
Sales and Use Tax Annotations
395.0000 OCCASIONAL SALES—SALE OF A BUSINESS—BUSINESS REORGANIZATION—Regulation 1595
(h) OWNERSHIP "SUBSTANTIALLY SIMILAR"—"REAL OR ULTIMATE" OWNERSHIP
395.1780 Unsecured Creditor. A purchasing corporation which was an unsecured creditor of the selling corporation is not regarded as "a person holding an interest in the (selling) corporation," and tax is properly applicable to the sale of tangible personal property by the selling corporation. 9/5/52.