Whitaker v. Brooks
Court of Appeals of Kentucky
Case 10 — PETITION EQUITP APPEAL PROM KENTON CHANCERY COURT. I. Prior to April 22, 1884, the shares of stock in all corporations in Kentucky were subject to taxation in the hands of the stockholders when no provision was made for their taxation. (Lou. & Ev.
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Case 10 — PETITION EQUITP APPEAL PROM KENTON CHANCERY COURT. I. Prior to April 22, 1884, the shares of stock in all corporations in Kentucky were subject to taxation in the hands of the stockholders when no provision was made for their taxation. (Lou. & Ev. Mail Line Co. v. Barbour, &c., 88 Ky., 73.) 2. In order to exempt the individual stockholder in a corporation from taxation on his shares, the whole or the major part of the corporate property must be assessed in Kentucky. The listing of the corporate property in another State is not sufficient to exempt the shares of stock in the hands of…
1Opinion of the Court
JUDGE HOLT
delivered the opinion oe the court.
In July, 1882, tlie appellee, L. H. Brooks, and others incorporated themselves under chapter 56 of the General Statutes by filing articles of incorporation in the Kenton County Court, of this State, under the name of the “Brooks-Waterfield Company,” for the purpose of carrying on the tobacco warehouse business. The articles located its principal office or place of doing business in Covington, Kentucky, but, in fact, the business was conducted in Cincinnati, Ohio. Its tangible property, real and personal, was located there, save a comparatively…
2Cases cited1 opinion
- Louisville & Evansville Mail Co. v. BarbourCourt of Appeals of Kentucky · 1888
3Cited by6 opinions
- Ridpath v. Spokane CountyWashington Supreme Court · 1900
- Darnell v. StateIndiana Supreme Court · 1910
- Commonwealth v. Bank of CommerceCourt of Appeals of Kentucky · 1904
- Mosby v. Board of County CommissionersSupreme Court of Kansas · 1916
- Burley Tobacco Growers' Co-Operative Ass'n v. City of CarrolltonCourt of Appeals of Kentucky (pre-1976) · 1925
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