California law has always required that legal entities that own real property in California file a Statement of Change in Control and Ownership of Legal Entities ("Statement") with the California State Board of Equalization ("BOE") within 45 days of the date that the change in control or change in ownership occurs. These events are important for California property tax purposes since either event will generally cause a reassessment of any California real property owned by such entity.
Please see full publication below for more information.