Corp. of America v. McLaughlin

DENMAN, Circuit Judge.

- This appeal is from a judgment in favor of appellee in a suit at law on two causes of action to recover amounts paid as documentary internal revenue stamp taxes, assessed and collected as upon transfers of rights to receive shares and of interests in corporate profits and accumulations under Title VIII (section 800 et seq.), Schedule A-3 of the Revenue Act of 1926, 44 Stat. 99, 101.

FIRST CAUSE OF ACTION.

The case was heard below on an agreed statement of facts. From these it appears that appellant corporation was organized to be managed in coordination with the Bank of…