Legal Opinion
W. T. Grant Co. v. Duggan
Court of Appeals for the Second Circuit
Decided February 14, 1938No. 151PublishedCited by 25 opinions
1Opinion of the Court
SWAN, Circuit Judge.
The plaintiff is a Delaware corporation which had outstanding 538,900 shares of no-par value stock in October, 1929. During that month it issued a, like number of new shares to its stockholders, share for share. To comply with the requirements of -Delaware law $1 for each share of the new issue was transferred from surplus account to capital account on the books of the corporation on October 25, 1929, the date on which certificates for the new shares were issued. On that date stock of the company sold on the New York Stock Exchange at $56 per share, but the complaint…
2Cases cited18 opinions
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Cummings v. National BankSupreme Court of the United States · 1880
- United States v. Safety Car Heating & Lighting Co.Supreme Court of the United States · 1936
- United States v. New River Collieries Co.Supreme Court of the United States · 1923
- City of New York v. SageSupreme Court of the United States · 1915
13 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Dellacroce v. CommissionerUnited States Tax Court · 1984
- In Re New York, New Haven & Hartford R. Co.Court of Appeals for the Second Circuit · 1945
- North American Company v. GreenSupreme Court of Florida · 1960
- Helvering v. MaytagCourt of Appeals for the Eighth Circuit · 1942
- Amerada Hess Corp. v. CommissionerCourt of Appeals for the Third Circuit · 1975
20 more not listed; retrieve them via the Exa API.