State v. Safe Deposit & Trust Co.
Court of Appeals of Maryland
Appeal from an order of Circuit Court No. 2, of Baltimore City (Stockbridge, J.), dismissing the petition of appellant. The appellee as trustee sold, on May 23, 1895, all the property and corporate rights of the Baxter Electric Motor Co. After disposing of exceptions thereto the sale was finally ratified on December if 1895. The appellant filed a petition in the case asking that the trustee be directed to pay the State taxes for the year 1895 assessed on the shares of stock…
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Appeal from an order of Circuit Court No. 2, of Baltimore City (Stockbridge, J.), dismissing the petition of appellant. The appellee as trustee sold, on May 23, 1895, all the property and corporate rights of the Baxter Electric Motor Co. After disposing of exceptions thereto the sale was finally ratified on December if 1895. The appellant filed a petition in the case asking that the trustee be directed to pay the State taxes for the year 1895 assessed on the shares of stock of the company. The Act of 1892, ch. 518, provides that whenever property is sold under judicial process, etc., all sums…
1Opinion of the CourtBriscoe, J.
*582This appeal is taken by the State of Maryland, at the instance of the Comptroller of the Treasury, and involves a construction of certain sections of Article 81 of the Code, and subsequent Acts of the General Assembly of the State.
The main question presented by the record, is when do State taxes assessed upon the capital stock of a corporation become due. It will be seen by section 84 of Article 81 of the Code, that the president or other proper officers of banks, and other incorporated institutions and companies chartered by this State or located and doing business therein, shall annually,…
2Cases cited2 opinions
- American Casualty Insurance Company's CaseCourt of Appeals of Maryland · 1896
- Wheeler v. AddisonCourt of Appeals of Maryland · 1880
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- Mayor of Baltimore v. Chester River Steamboat Co.Court of Appeals of Maryland · 1906
- Findlay v. DarnallCourt of Appeals of Maryland · 1923
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