Siegel v. Commissioner
United States Board of Tax Appeals
1. Under the 1918 amendment to the National Banking Act, three banking associations agreed to unite their business and assets and to continue the business under the charter of one of such associations, in accordance with the provisions of the statute.
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1. Under the 1918 amendment to the National Banking Act, three banking associations agreed to unite their business and assets and to continue the business under the charter of one of such associations, in accordance with the provisions of the statute. Held, that no new corporate entity was created, the effect of the statute being to merge the identity of two of such associations in the third, whose corporate existence continued. 2. Under the terms of the agreement under which such merger took place, stockholders of the bank which continued its corporate existence received stock of a par value…
1Opinion of the Court
APPEALS OF A. J. SIEGEL ET AL.
Siegel v. Commissioner
Docket No. 5255.1
United States Board of Tax Appeals
4 B.T.A. 186; 1926 BTA LEXIS 2345;
June 23, 1926, Decided Submitted December 23, 1925.
1. Under the 1918 amendment to the National Banking Act, three banking associations agreed to unite their business and assets and to continue the business under the charter of one of such associations, in accordance with the provisions of the statute. Held, that no new corporate entity was created, the effect of the statute being to merge the identity of two of such associations in the third, whose corporate…
2Cases cited21 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Weiss v. StearnSupreme Court of the United States · 1924
- Marr v. United StatesSupreme Court of the United States · 1925
- Keokuk & Western Railroad v. MissouriSupreme Court of the United States · 1894
- Railroad Co. v. GeorgiaSupreme Court of the United States · 1879
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