California Code of Regulations
Title 18 - Public Revenues
Division 2.5 - State Controller
Chapter 2 - Gift Tax
Article 1 - Definitions
Section 15104 - Transfers-in General

The Gift Tax Law ordinarily reaches every transfer of property made after 10 p.m. of June 21, 1939, by an individual resident or nonresident without an adequate and full consideration in money or money's worth, to the extent that the transfer is within this State's taxing jurisdiction. A transfer may be made in trust or otherwise, may be direct or indirect, and may relate to property which is real or personal, tangible or intangible.

Note: Reference: Section 15104, Revenue and Taxation Code.