Legal Opinion
United States v. Oil Resources, Inc.
Court of Appeals for the Ninth Circuit
Decided May 27, 1987No. 83-5969PublishedCited by 4 opinions
1Opinion of the Court
FLETCHER, Circuit Judge:
Oil Resources, Inc. transferred all of its assets and liabilities to Capital Energy Corporation in exchange for Capital stock. Oil Resources distributed the Capital stock received in the transaction to its shareholders, and Oil Resources was dissolved. Among the liabilities assumed by Capital were amounts owed to the United States for taxes unpaid in earlier years. The United States brought suit against Capital, Oil Resources, and Oil Resources shareholders and directors for recovery of those amounts. The district court found Capital liable for the tax obligations on…
2Cases cited18 opinions
- United States v. LockeSupreme Court of the United States · 1985
- United States v. BessSupreme Court of the United States · 1958
- David D. Darring v. Larry Kincheloe, Superintendent of the Washington State PenitentiaryCourt of Appeals for the Ninth Circuit · 1986
- Ray v. Alad Corp.California Supreme Court · 1977
- Trubowitch v. Riverbank Canning Co.California Supreme Court · 1947
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3Cited by4 opinions
- Nahman v. Jacks (In Re Jacks)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2001
- Syenergy Methods, Inc. v. Kelly Energy Sys., Inc.District Court, D. Rhode Island · 1988
- United States v. First Interstate Bank of Idaho, N.A.District Court, D. Idaho · 1992
- United States v. Donahue Industries, Inc., Dba Donahue Printing Company, and Rainier National BankCourt of Appeals for the Ninth Circuit · 1990