Monarch Life Insurance v. State Tax Commission

This is a proceeding under article 78 of the CPLR (transferred to the Appellate Division of the Supreme Court in the Third Judicial Department by order of the Supreme Court at Special Term, entered in Albany County) to review a determination of the State Tax Commission.

On May 28,1965 the Springfield Insurance Company, a Massachusetts corporation, merged, pursuant to Massachusetts law, into petitioner Monarch Life Insurance Company, another Massachusetts corporation. As a result of the merger, petitioner, the surviving corporation, became vested by operation of law, with all of the assets of…