Clifton City Bank v. Commissioner
United States Board of Tax Appeals
The taking of possession by the Bank Commissioner of the State of Missouri of a state bank therein for the purpose of liquidation on account of insolvency of the bank is such a receivership as will deprive the Board of jurisdiction of a proceeding brought before it subsequent to the said action of the Bank Commissioner. Section 282(a) of the Revenue Act of 1926.
1Opinion of the Court
OPINION.
KoenicR, Chairman:
If the action of the Bank Commissioner of the State of Missouri in taking possession of the property and effects of the Clifton City Bank and the process thereafter of liquidating the same constitutes such a receivership proceeding as is contemplated by section 282 (a) of the Revenue Act of 1926, the Board is without jurisdiction to hear and determine this appeal. Plains Buying & Selling Association v. Commissioner, 5 B. T. A. 1147; section 282 (a)- of the Revenue Act of 1926. Accordingly, the only question for determination is whether the acts and procedure of the…
2Cases cited14 opinions
- In Re ChetwoodSupreme Court of the United States · 1897
- Bushnell v. LelandSupreme Court of the United States · 1897
- State Savings & Commercial Bank v. AndersonCalifornia Supreme Court · 1913
- In Re the Matter of the Examination of the Union BankNew York Court of Appeals · 1912
- Bennett v. GreenSupreme Court of Georgia · 1923
9 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- King v. CommissionerUnited States Tax Court · 1969
- Conlee Constr. Co. v. CommissionerUnited States Tax Court · 1970
- United States v. Commercial National BankDistrict Court, W.D. Louisiana · 1956
- Clifton City Bank v. CommissionerUnited States Board of Tax Appeals · 1927
- Conlee Constr. Co. v. CommissionerUnited States Tax Court · 1970
1 more not listed; retrieve them via the Exa API.