Legal Opinion
National Bank of Burlington v. Huneke
Supreme Court of Iowa
Decided July 24, 1959No. 49751, 49752PublishedCited by 13 opinions
1Opinion of the CourtLarson, J.
'The issue before us in this appeal is whether funds held in trust for the purpose of establishing and maintaining a nonprofit hospital are exempt from moneys and credits tax by the provisions of chapter 427, Code of Iowa, 1958. The trial court held they were, and we concur in that conclusion.
The facts are not in dispute. F. Albert Klein, deceased, by will, left the residues of his estate to the National Bank of Burlington, Iowa, in trust for the express purpose of establishing a nonprofit hospital. The bank was also appointed executor of the will. When the Board of Review denied two claims…
2Cases cited9 opinions
- Readlyn Hospital v. HothSupreme Court of Iowa · 1937
- Ellsworth College v. Emmet CountySupreme Court of Iowa · 1912
- Rine v. WagnerSupreme Court of Iowa · 1907
- In Re CooperSupreme Court of Iowa · 1940
- McColl v. Dallas CountySupreme Court of Iowa · 1935
4 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- South Iowa Methodist Homes, Inc. v. Board of ReviewSupreme Court of Iowa · 1970
- Hahn v. Walworth CountyWisconsin Supreme Court · 1961
- In the Matter of the Estate of Glen A. Waterman, Jingles Ti-Okay WatermanSupreme Court of Iowa · 2014
- Wisconsin Evangelical Lutheran Synod v. RegisSupreme Court of Iowa · 1972
- South Iowa Methodist Homes, Inc. v. Board of ReviewSupreme Court of Iowa · 1965
8 more not listed; retrieve them via the Exa API.