Hoosier Casualty Co. v. Commissioner
United States Board of Tax Appeals
1. Where a stock insurance company was organized to take over the business of a mutual insurance company and where only a fraction of one share of stock out of a total issue of $2,000 shares was acquired by the members of the mutual company, held, that these facts did not constitute a reorganization. 2. Where a stock insurance company on the day it began business took over the business of a mutual insurance company, which had been issuing combined policies of death, health…
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1. Where a stock insurance company was organized to take over the business of a mutual insurance company and where only a fraction of one share of stock out of a total issue of $2,000 shares was acquired by the members of the mutual company, held, that these facts did not constitute a reorganization. 2. Where a stock insurance company on the day it began business took over the business of a mutual insurance company, which had been issuing combined policies of death, health and accident insurance, and on the next day took over the business of an automobile insurance company, held, that the…
1Opinion of the Court
HOOSIER CASUALTY CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Hoosier Casualty Co. v. Commissioner
Docket No. 8786.
United States Board of Tax Appeals
6 B.T.A. 1343; 1927 BTA LEXIS 3277;
May 13, 1927, Promulgated
1. Where a stock insurance company was organized to take over the business of a mutual insurance company and where only a fraction of one share of stock out of a total issue of $2,000 shares was acquired by the members of the mutual company, held, that these facts did not constitute a reorganization.
2. Where a stock insurance company on the day it began business took…
2Cases cited1 opinion
- Hoosier Casualty Co. v. CommissionerUnited States Board of Tax Appeals · 1927