Legal Opinion
In re the Estate of Flickinger
New York Surrogate's Court
Decided June 5, 1941PublishedCited by 2 opinions
1Opinion of the Court
Vandermeulen, S.
Smith M. Flickinger died on April 2, 1939. Included in his estate were 816 shares of common stock of S. M. Flickinger and Company, which is a wholesale grocery concern in East Buffalo, having a plant in the United Frontier Terminal. There are 17,698 shares of common stock outstanding.
The State, in appraising the property of the decedent’s estate, placed a value on this stock of $128.85 per share. The corporation falls into that class known as close corporations; the stock not being on the market but largely and closely held by the members of the family.
The State Tax Commission…
2Cases cited19 opinions
- Adams Express Co. v. Ohio State AuditorSupreme Court of the United States · 1897
- Montana Railway Co. v. WarrenSupreme Court of the United States · 1890
- Kerr v. South Park CommissionersSupreme Court of the United States · 1886
- Matter of FultonNew York Court of Appeals · 1931
- Nelson v. First Nat. BankCourt of Appeals for the Eighth Circuit · 1895
14 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- In re the Estate of MillerNew York Surrogate's Court · 1948
- Jones v. National Chautauqua County BankAppellate Division of the Supreme Court of the State of New York · 1947