Van Wert County Farm Bureau Co-operative Ass'n., Inc. v. Bowers

The ultimate question to be determined is whether so-called “patronage retains” or certificates of ownership, which are created by a co-operative association incorporated pursuant to Sections 1729.01 to 1729.28, Revised Code, and which are owed by another corporation, must be listed for taxation by the owning corporation.

This depends upon a determination of the question whether such “patronage retains” or certificates of ownership represent “stocks” of a corporation within the meaning of that word as used in Section 5709.02, Revised Code, which reads in part:

“All moneys, credits, investments,…