Wire Wheel Corp. v. Commissioner
United States Board of Tax Appeals
Section 280 of the Act of 1926 provides only an additional means of procedure against a transferee, and such procedure is available to respondent only if available remedies against the transferor would be unavailing.
1Opinion of the Court
*739OPINION.
SiefkiN :
As we view this case it is clear that the petitioner is not liable as a transferee under section 280 of the 1926 Act. Section 15 of the New York stock corporation law, under which the Houk .Manufacturing Co. and petitioner were merged in 1917, reads as follows:
Sec. 15. Merger. Any domestic stock corporation and any foreign stock corporation authorized to do business in this state lawfully owning" all the stock of any other stock corporation organized for, or engaged in business similar or incidental to that of the possessor corporation may file in the office of the secretary…
2Cases cited7 opinions
- Hollins v. Brierfield Coal & Iron Co.Supreme Court of the United States · 1893
- Pierce v. United StatesSupreme Court of the United States · 1921
- Swan Land & Cattle Co. v. FrankSupreme Court of the United States · 1893
- Ex Parte BoydSupreme Court of the United States · 1882
- Syracuse Lighting Co. v. . Maryland Casualty Co.New York Court of Appeals · 1919
2 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Estate of Glass v. CommissionerUnited States Tax Court · 1970
- United States v. Genevieve RussellCourt of Appeals for the First Circuit · 1957
- Irvine v. HelveringCourt of Appeals for the Eighth Circuit · 1938
- Wright v. CommissionerUnited States Board of Tax Appeals · 1933
- Popular Library, Inc. v. CommissionerUnited States Tax Court · 1963
6 more not listed; retrieve them via the Exa API.