Smith v. Burton

COLEMAN, Justice.

Complainants appeal from a decree declaring that the shareholders of the stock of Ampco, Incorporated, an Alabama corporation herein referred to as Ampco, are liable for the payment of ad valorem taxes on their respective shares, for the tax year 1963, assessed as provided by Title 51, § 25 et seq., Code 1940.

The complainants are four individual persons and the corporation, Ampco. Three of the individual complainants own all the shares of Ampco. The fourth individual complainant is a director, but not a shareholder, of Ampco.

*393The named respondent is the Tax Collector of…