Legal Opinion
Wilmington Trust Co. v. Latchum
District Court, D. Delaware
Decided March 23, 1942Published
1Opinion of the Court
W. CLARK, Circuit Judge.
The facts are stipulated and may be stated briefly. Utilities Employees Sesurities Company (hereinafter called UE-SCO) was not qualified to carry on business in Massachusetts. It therefore organized the New England Capital Corporation (hereinafter called NECAP) under the laws of Massachusetts in 1934. Subsequently UESCO became qualified to do business in Massachusetts. At this time UESCO owned all of the issued common and preferred stock of NECAP. Since Massachusetts had no statute permitting or providing for a consolidation or merger, it was decided that NECAP be…
2Cases cited11 opinions
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Helvering v. Alabama Asphaltic Limestone Co.Supreme Court of the United States · 1942
- LeTulle v. ScofieldSupreme Court of the United States · 1940
- Cortland Specialty Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1932
- Prairie Oil & Gas Co. v. MotterCourt of Appeals for the Tenth Circuit · 1933
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