Ashburn v. Commonwealth

On December 21, 1942 and February 25, 1943, William J. Levitt and Alfred S. Levitt, residents of New York, obtained from the State Corporation Commission of Virginia charters for two corporations, one the Levitt and Sons of Norfolk, Incorporated and the other Levitt and Sons of Riverdale, Incorporated. Each of the Levitts acquired one half of the stock of each corporation, and they thereby became the sole beneficial owners of both corporations. The corporations acquired separate tracts of land in Norfolk county for the purpose of constructing rental housing units thereon. Each corporation…