Legal Opinion
Land & Simmons Co. v. Arconti
Court of Appeals of Maryland
Decided August 24, 1960No. [No. 229, September Term, 1959.]PublishedCited by 6 opinions
1Opinion of the CourtHenderson, J.
This appeal is from a declaratory decree that the proceeds of a $50,000 insurance policy upon the life of Bart Arconti, Senior, should be included as an asset in determining the book value of the decedent’s stock in the appellant corporation, pursuant to the terms of a stock purchase agreement.
There is little dispute as to the basic facts. The corporation was formed in 1948, and engaged in the general contracting business. Arconti supplied $5,000 cash, Land and Simmons $2,500 each. The Company was successful from the start. Land was President, Simmons a Vice-President and Treasurer, Arconti a…
2Cases cited10 opinions
- Aron v. GillmanNew York Court of Appeals · 1955
- Rubel, Executors v. RubelMississippi Supreme Court · 1954
- Hagan v. DundoreCourt of Appeals of Maryland · 1947
- Brockmeyer v. NorrisCourt of Appeals of Maryland · 1940
- Block v. MylishSupreme Court of Pennsylvania · 1945
5 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- John R. Baur v. Baur Farms, Inc. and Robert F. BaurSupreme Court of Iowa · 2013
- Balfour v. SeitzSupreme Court of Pennsylvania · 1958
- Schmidt v. ChambersCourt of Appeals of Maryland · 1972
- Bank of California v. First Mortgage Co.Court of Appeals of Washington · 1972
- Land & Simmons Co. v. ArcontiCourt of Appeals of Maryland · 1960
1 more not listed; retrieve them via the Exa API.