Sec. 12-242f. Obligations of fiduciary.
Sec. 12-242f. Obligations of fiduciary. Any fiduciary who conducts or is liquidating the business or is selling the assets of any company shall be subject 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.
A fiduciary who has been appointed during an income year shall make payments on
account of estimated taxes both 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.
(1963, P.A. 651, S. 12; P.A. 95-327, S. 4, 10.)
History: P.A. 95-327 made technical changes to delete references to declarations, effective July 1, 1995, and applicable
to estimated corporation business taxes for income years commencing on or after January 1, 1996.
See Sec. 12-224 re returns made by fiduciaries.