Legal Opinion
Munson v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided December 5, 1938No. 35PublishedCited by 7 opinions
1Opinion of the Court
AUGUSTUS N. HAND, Circuit Judge.
The petitioner Munson was a bond and stock broker from 1915 to December 31, 1928. On July 1, 1925, he and one Adrian agreed in writing to form a partnership “for the transaction of the business of brokers and dealers in stocks, bonds and other securities, under the firm name of Munson & Adrian” and to divide all profits and losses equally. While there was no provision in the agreement for a capital contribution by Munson he contributed $50,000 in cash plus certain securities. By 1928 his capital contributions had increased to $100,-000. He also furnished about…
2Cases cited3 opinions
- In Re the Accounting of HearnsNew York Court of Appeals · 1915
- In re SwiftDistrict Court, D. Massachusetts · 1902
- In Re AmyCourt of Appeals for the Second Circuit · 1927
3Cited by7 opinions
- Commissioner of Internal Revenue v. ShapiroCourt of Appeals for the Sixth Circuit · 1942
- McClellan v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1941
- Shapiro v. United StatesDistrict Court, D. Minnesota · 1949
- Levinson v. CommissionerCourt of Appeals for the Second Circuit · 1946
- Williams v. McGowanDistrict Court, W.D. New York · 1944
2 more not listed; retrieve them via the Exa API.