City & County of Denver v. Security Life & Accident Co.

This writ of error is directed to a judgment awarding the return of taxes paid under protest. The question involved is whether a lessee of office furniture and equipment leased to it by national banks was liable for an ad valorem tax levied against this personal property for the year 1965. We answer in the negative and affirm the summary judgment in favor of the defendant in error (herein referred to as Security Life).

By two bills of sale dated January 3, 1964, Security Life transferred to the Security National Bank (called Security National) and the First National Bank of Englewood (herein…