Legal Opinion
City Bank Farmers Trust Co. v. Graves
Appellate Division of the Supreme Court of the State of New York
Decided March 6, 1940PublishedCited by 2 opinions
1Opinion of the CourtFoster, J.
This is a proceeding by way of certiorari to review the final determination of the State Tax Commission which affirmed an assessment of income tax for the calendar year 1930.
Under a trust agreement, dated May 4, 1918, one Wood Fosdick transferred 300 shares of capital stock of the General Electric Company to petitioner as trustee, to apply the net income therefrom to the use of Anna Fosdick Ernst during her life, and upon her death to the use of Katherine Davies Ernst, and upon the death of the survivor of them to pay over the principal of the fund *70to the donor, or in the event of his death…
2Cases cited5 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- People Ex Rel. Metropolitan Street Railway Co. v. State Board of Tax CommissionersNew York Court of Appeals · 1903
- Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1937
- People Ex Rel. Clark v. GilchristNew York Court of Appeals · 1926
- City Bank Farmers Trust Co. v. ErnstNew York Court of Appeals · 1934
3Cited by2 opinions
- Cooper-Smith v. BragaliniAppellate Division of the Supreme Court of the State of New York · 1957
- People ex rel. Seidman v. GravesAppellate Division of the Supreme Court of the State of New York · 1940