Legal Opinion
In re Lorden
Supreme Court of New Hampshire
Decided August 2, 1991No. 90-418PublishedCited by 7 opinions
1Opinion of the CourtJohnson, J.
The plaintiffs appeal the department of revenue administration’s (the DRA) denial of their request for a tax refund. The issue presented is whether the distribution of unencumbered corporate assets to stockholders upon the corporation’s dissolution and liquidation is a taxable event subject to a transfer tax pursuant to RSA 78-B:l, I (see Laws 1985, 407:1; current version at Supp. 1990). *596We hold that the plaintiff stockholders gave no consideration for the distributed assets, and therefore are required to pay only the statutory minimum transfer tax. Accordingly, we reverse and remand.
The…
2Cases cited15 opinions
- Deer Park Pine Industry, Inc. v. Stevens CountyWashington Supreme Court · 1955
- Commonwealth v. PassellSupreme Court of Pennsylvania · 1966
- Florida Dept. of Revenue v. De MariaSupreme Court of Florida · 1976
- Socony-Vacuum Oil Co. v. SheehanDistrict Court, E.D. Missouri · 1943
- Winn v. JordanSupreme Court of New Hampshire · 1957
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3Cited by7 opinions
- Petition of HoytSupreme Court of New Hampshire · 1999
- First Berkshire Business Trust v. Commissioner, New Hampshire Department of Revenue AdministrationSupreme Court of New Hampshire · 2010
- Town of Nelson v. New Hampshire Department of TransportationSupreme Court of New Hampshire · 2001
- Say Pease IV, LLC v. New Hampshire Department of Revenue AdministrationSupreme Court of New Hampshire · 2012
- Gennell v FedEx Corp et alDistrict Court, D. New Hampshire · 2014
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