Legal Opinion
Montgomery Ward Life Insurance v. Department of Local Government Affairs
Appellate Court of Illinois
Decided September 26, 1980No. 79-1612PublishedCited by 19 opinions
1Opinion of the CourtJustice Mejda
Montgomery Ward Life Insurance Company (Ward Life) brought this action to review the 1977 assessment of its capital stock by the Department of Local Government Affairs (the Department) pursuant to the Revenue Act of 1939 (Ill. Rev. Stat. 1977, ch. 120, pars. 482 through 811). Ward Life challenged the Department’s inclusion of certain Government National Mortgage Association (GNMA) securities (Ginnie Maes) in the assessment of its capital stock. The trial court upheld the Department’s position and this appeal followed. The issues on appeal are: (1) whether Ginnie Maes are obligations of the…
2Cases cited20 opinions
- M'culloch v. State of MarylandSupreme Court of the United States · 1819
- Smith v. DavisSupreme Court of the United States · 1944
- Illinois Bell Telephone Co. v. IlliNois Commerce CommissionIllinois Supreme Court · 1953
- Rogers Park Post No. 108 v. BrenzaIllinois Supreme Court · 1956
- People's Gas Light & Coke Co. v. StuckartIllinois Supreme Court · 1918
15 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Scott Air Force Base Properties, LLC v. COUNTY, ST. CLAIR, ILL.Court of Appeals for the Seventh Circuit · 2008
- Greaney v. Industrial CommissionAppellate Court of Illinois · 2005
- Rockford Life Insurance v. Department of RevenueIllinois Supreme Court · 1986
- Illinois Bell Telephone Co. v. AllphinAppellate Court of Illinois · 1981
- Popejoy v. ZagelAppellate Court of Illinois · 1983
14 more not listed; retrieve them via the Exa API.