Legal Opinion
Brooklyn Trust Co. v. Commissioner of Internal Rev.
Court of Appeals for the Second Circuit
Decided January 6, 1936No. 142PublishedCited by 5 opinions
1Opinion of the Court
MANTON, Circuit Judge.
The Brooklyn Trust Company, a banking corporation under the laws of the state of New York, as trustee, conducts a large trust business involving the handling of all forms of trust estates. In April, 1929, it held trust funds in excess of $250,000,000, and these were invested separately. Trusts of less than $20,000 or $25,000 could not be handled profitably and were generally not accepted by the bank. To permit these funds to be commingled and to afford those with limited capital a -trust medium by which small sums could be expertly invested in diversified securities…
2Cases cited14 opinions
- Morrissey v. CommissionerSupreme Court of the United States · 1935
- Tait v. Western Maryland Railway Co.Supreme Court of the United States · 1933
- Hecht v. MalleySupreme Court of the United States · 1924
- Helvering v. Coleman-Gilbert AssociatesSupreme Court of the United States · 1935
- Hecht v. MalleySupreme Court of the United States · 1924
9 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Koenig v. JohnsonCalifornia Court of Appeal · 1945
- Nikolas v. WitterCourt of Appeals for the Seventh Circuit · 1944
- Continental Bank & Trust Co. v. United StatesDistrict Court, S.D. New York · 1937
- Equitable Trust Co. v. MagruderDistrict Court, D. Maryland · 1941
- Brooklyn Trust Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1936