Legal Opinion
Sheehan v. Dana
Court of Appeals for the Eighth Circuit
Decided August 5, 1947No. 13458PublishedCited by 5 opinions
1Opinion of the Court
RIDDICK, Circuit Judge.
In 1914 the Charter Oak Stove and Range Company, a Missouri corporation, had outstanding 4,000 shares of $100 par value common stock. The business of the company was expanding, and it was in need of additional capital. To provide the needed capital, stock dividends of $100,000 were declared out of surplus in each of the years 1914, 1920, and 1923.
Substantial cash dividends were paid by the company from 1914 to 1934, but the years 1921 and 1931-1934, inclusive, were loss years, and as of September 1, 1934, the books of the company showed a deficit of $23,558.53. The…
2Cases cited19 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- Bazley v. CommissionerSupreme Court of the United States · 1947
- Helvering v. GriffithsSupreme Court of the United States · 1943
- Commissioner v. Estate of BedfordSupreme Court of the United States · 1945
14 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- General Bancshares Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1964
- Hugh H. Earle, Former Collector of Internal Revenue v. Angela MacEvoy WoodlawCourt of Appeals for the Ninth Circuit · 1957
- Gravois Planing Mill Company, Charles A. And Florence Beckemeier v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1962
- United States v. Lesoine United States v. MarcusCourt of Appeals for the Ninth Circuit · 1953
- Hugh H. Earle, Former Collector of Internal Revenue v. Angela MacEvoy WoodlawCourt of Appeals for the Ninth Circuit · 1957