§ 15551.10. Interest and Dividends.

Source: https://govt.westlaw.com/calregs/Document/IEA0363034C8311EC89E5000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Default)

If the donee does not receive the interest or dividends as part of the gift, interest accrued on bonds or dividends declared on stocks prior to the date of a gift of the bonds or stocks will not be treated as augmenting the taxable value of the bonds or stocks.

Note: Reference: Section 15551, Revenue and Taxation Code.