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eBook details

• Title: Pierson v. Sharp Memorial Hospital Inc.
• Author : Fourth Appellate District, Division One Court of Appeal of California
• Release Date : January 01, 1989
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 68 KB

Description

In this case of first impression, we hold that a true sale and leaseback of real property -- one that is not a financing transaction -- constitutes a change in ownership within the meaning of Proposition 13, triggering reassessment of the property. (See Cal. Const., art. XIII A, § 2, subd. (a).)

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