Standard Life & Accident Insurance v. Board of Assessors
Michigan Supreme Court
Mandamus. Relator applied for mandamus to compel respondent to deduct from the net assets of relator, for the purposes of taxation, the value of the real-estate mortgages held by it. The facts are stated in the opinion.
1Opinion of the CourtMontgomery, J.
The tax law of 1891 (Act No. 200, Laws of 1891) provided for the assessment, as personal property, of all shares in banks organized in this State under any law of this State or of the United States, at their cash value, after deducting the value of the real estate taxed to the banks. It also provided that, in computing the taxable property of insurance companies organized under the laws of this State, the value of the real property on' which the company paid taxes should be deducted from its net assets above all liabilities, as determined and shown by the last report of the Commissioner of…
2Cases cited4 opinions
- County of San Mateo v. Southern Pacific R.United States Circuit Court · 1882
- Evansville Bank v. BrittonSupreme Court of the United States · 1882
- Common Council v. Board of AssessorsMichigan Supreme Court · 1892
- Taggart v. Board of SupervisorsMichigan Supreme Court · 1888
3Cited by7 opinions
- Stroh v. City of DetroitMichigan Supreme Court · 1902
- Teagan Transportation Co. v. Board of AssessorsMichigan Supreme Court · 1905
- Detroit River Savings Bank v. City of DetroitMichigan Supreme Court · 1897
- Michigan Mutual Life-Insurance v. HartzMichigan Supreme Court · 1901
- City of Detroit v. KresgeMichigan Supreme Court · 1918
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