Legal Opinion
New York Stocks, Inc. v. Commissioner
Court of Appeals for the Second Circuit
Decided November 5, 1947No. 21, Docket 20637PublishedCited by 4 opinions
1Opinion of the Court
CLARK, Circuit Judge.
Petitioner, an “open-end” investment company, offers shares of its stock for sale and invests the proceeds therefrom in securities. Its stock is issued in 21 series, each designated by the name of a different industry. As shares are sold the proceeds are invested in securities of those companies engaged in the industry indicated by the -name of the series, and the shareholder participates only in assets derived from the series in which he holds a share of special stock.
Petitioner’s charter provides that any holder of special stock may, at his option, offer it to the…
2Cases cited6 opinions
- Dobson v. CommissionerSupreme Court of the United States · 1944
- Trust Under the Will of Bingham v. CommissionerSupreme Court of the United States · 1945
- McWilliams v. CommissionerSupreme Court of the United States · 1947
- Black Motor Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1942
- May Hosiery Mills v. Commissioner of Internal Rev.Court of Appeals for the Fourth Circuit · 1941
1 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Commissioner of Internal Revenue v. WhitneyCourt of Appeals for the Second Circuit · 1948
- Calvert v. Capital Southwest CorporationCourt of Appeals of Texas · 1969
- International Ticket Scale Corp. v. United StatesCourt of Appeals for the Second Circuit · 1948
- H. H. King Flour Mills Co. v. United StatesDistrict Court, D. Minnesota · 1971