California · Revenue and Taxation Code - RTC
RTC §7332: “Position holder” includes any person that holds the inventory position in the motor vehicle fuel, as reflected on the records of the terminal operator.
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“Position holder” includes any person that holds the inventory position in the motor vehicle fuel, as reflected on the records of the terminal operator. A person holds the inventory position in motor vehicle fuel when that person has a contractual agreement with the terminal operator for the use of storage facilities and terminaling services at a terminal with respect to the motor vehicle fuel. “Position holder” includes a terminal operator that owns motor vehicle fuel in its terminal.
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