Legal Opinion
Darby-Lynde Co. v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided June 18, 1931No. 399PublishedCited by 13 opinions
1Opinion of the Court
PHILLIPS, Circuit Judge.
For several years prior to January 1, 1924, Lynde and Darby, a partnership consisting of C. F. Lynde andN J. F. Darby, owned and operated certain oil and gas leases. Each of the partners owned a one-half interest in the partnership. About January 1, 1924, they incorporated, under the laws of Delaware, the Darby-Lynde Company with 10,000 shares of non-par value stock, with its principal office and place of business at Tulsa, Oklahoma. On January 21, 1924, the partnership conveyed all of its assets, including such oil and gas leases to such corporation in exchange for…
2Cases cited5 opinions
- Stratton's Independence, Ltd. v. HowbertSupreme Court of the United States · 1913
- Marr v. United StatesSupreme Court of the United States · 1925
- Stanton v. Baltic Mining Co.Supreme Court of the United States · 1916
- Burnet v. Thompson Oil & Gas Co.Supreme Court of the United States · 1931
- United States v. Biwabik Mining Co.Supreme Court of the United States · 1918
3Cited by13 opinions
- Prairie Oil & Gas Co. v. MotterCourt of Appeals for the Tenth Circuit · 1933
- Sunray Oil Co. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1945
- Planters' Cotton Oil Co. v. HopkinsCourt of Appeals for the Fifth Circuit · 1931
- Ryan v. AlexanderCourt of Appeals for the Tenth Circuit · 1941
- Champlin v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1935
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