Legal Opinion
Emigrant Industrial Savings Bank v. McGoldrick
Appellate Division of the Supreme Court of the State of New York
Decided November 3, 1944PublishedCited by 3 opinions
1Opinion of the CourtDore, J.
The issue is whether a savings bank’s receipts from hotels taken in foreclosure are taxable under local laws imposing a business tax on receipts from commercial activities but specifically exempting receipts from the “ services and transactions ” of mutual savings banks. (Local Laws, 1937, No. 22 of City of New York, Local Laws, 1938, No. 20 of City of New York.)
Petitioner, a mutual savings bank, existing under the provisions of article 6 of the Banking Law, acquired three hotels by referee’s deed or deed in lieu of foreclosure and held, owned and operated the properties during the tax…
2Cases cited10 opinions
- Dyer v. Broadway Central BankNew York Court of Appeals · 1930
- Thomas Gordon Malting Co. v. Bartels Brewing Co.New York Court of Appeals · 1912
- Matter of Good Humor Corporation v. McGoldrickNew York Court of Appeals · 1943
- People ex rel. Doctor's Hospital, Inc. v. SextonAppellate Division of the Supreme Court of the State of New York · 1944
- People Ex Rel. Newburgh Savings Bank v. PeckNew York Court of Appeals · 1898
5 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Trustees of Columbia University v. HerzogAppellate Division of the Supreme Court of the State of New York · 1945
- United States v. 68,716 Square Feet of Land in New YorkDistrict Court, S.D. New York · 1948
- American Surety Co. v. JosephAppellate Division of the Supreme Court of the State of New York · 1954