Section 20200 - DefinitionsExcept where the context otherwise requires, the following definitions shall govern the construction of this chapter:
(a) "Generation-skipping transfer tax" means a tax imposed by any federal or California generation-skipping transfer tax law, now existing or hereafter enacted, and includes interest and penalties on any deficiency.(b) "Property" means property on which a generation-skipping transfer tax is imposed.(c) "Transferee" means any person who receives, who is deemed to receive, or who is the beneficiary of, any property.(d) "Trustee" means any person who is a trustee within the meaning of the federal generation-skipping transfer tax law, or who is otherwise required to pay a generation-skipping transfer tax.(e) "Value" means fair market value as determined for generation-skippi ng transfer tax purposes.Enacted by Stats. 1990, Ch. 79.