Hodge v. Me-Bee Co.

Opinion by

Mr. Justice Roberts,

The cross appeals which this Court is today called upon to decide arise from the following transaction. Samuel Hodge and four medical doctors are the sole stockholders of the Me-Dee Company, which in turn owns all the stock of Me-Bee Company. Both corporations were formed for the purpose of erecting, operating and occupying a medical building in which the four doctors would conduct their respective medical practices. Hodge’s exact stake in this venture has never been made completely clear, although it appears that certain tax advantages befell him as a result of…