Monidah Trust v. Sheehan
Montana Supreme Court
Appeal from District Courtf Silver Boiv County; John B. Mc-Clernan, Judge. Action by the Monidah Trust against Michael J. Sheehan, Treasurer of Silver Bow County, and another. From an order granting an injunction pendente lite, defendants appeal. submitted a brief; argued tbe cause orally. A state bas power to tax a foreign corporation upon solvent credits owned by it and arising out of business done witbin tbe state. (Liverpool, London & Globe Ins.
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Appeal from District Courtf Silver Boiv County; John B. Mc-Clernan, Judge. Action by the Monidah Trust against Michael J. Sheehan, Treasurer of Silver Bow County, and another. From an order granting an injunction pendente lite, defendants appeal. submitted a brief; argued tbe cause orally. A state bas power to tax a foreign corporation upon solvent credits owned by it and arising out of business done witbin tbe state. (Liverpool, London & Globe Ins. Co. v. Board of Commissioners, 221 U. S. 346, 55 L. Ed. 762, 31 Sup. Ct. Rep. 550; Orient Ins. Co. v. Board of Assessors, 221 U. S. 358, 55 L.…
1Opinion of the CourtJustice Holloway
The Monidah Trust is a corporation organized under the laws of Delaware and transacting business in Montana, Idaho, Washington, California, and elsewhere. James A. Murray is president, and E. L. Chapman, secretary and treasurer. These two individuals, with James E. Murray and W. W. Knox, constitute the stockholders and directors. Of the 10,000 shares of the capital stock, James A. Murray owns 9,988, and each of the other stockholders owns four shares. The corporation was organized about 1904. James A. Murray, James E. Murray, and Chapman are residents of Montana, while Knox is a resident of…
2Cases cited5 opinions
- Parrot Silver & Copper Co. v. HeinzeMontana Supreme Court · 1901
- Gallatin County v. BeattieMontana Supreme Court · 1878
- Holland v. Board of CommissionersMontana Supreme Court · 1895
- Consolidated Gold & Sapphire Mining Co. v. StruthersMontana Supreme Court · 1910
- Heinze v. Boston & Montana Consolidated Copper & Silver Mining Co.Montana Supreme Court · 1904
3Cited by6 opinions
- Atkinson v. Roosevelt CountyMontana Supreme Court · 1923
- State Ex Rel. American Automobile Insurance v. GehnerSupreme Court of Missouri · 1928
- State ex rel. Rankin v. HarringtonMontana Supreme Court · 1923
- State Ex Rel. Walker v. JonesMontana Supreme Court · 1927
- Chestnut Securities Co. v. Oklahoma Tax CommissionSupreme Court of Oklahoma · 1935
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