Seiberling Rubber Co. v. Commissioner of Internal Rev.
Court of Appeals for the Sixth Circuit
1Opinion of the Court
McALLISTER, Circuit Judge.
On March 31, 1934, petitioner, Seiberling Rubber Company, owned 3,772 shares of the 5,000 shares of common stock, and 250 shares of the 501 shares of the preferred stock, of Kemitex Products Co. As of the same date, the latter company owed an unsecured indebtedness to petitioner in the amount of $323,993.70.
Shortly thereafter, on April 3, 1934, petitioner addressed a letter to Kemitex Products Co., proposing the sale of all of the assets of Kemitex Products Co. to a new corporation, to be known as Kemitex Products, Inc., which would assume all of the indebtedness of…
Also in this document: Concurrence.
2Cases cited24 opinions
- Helvering v. Alabama Asphaltic Limestone Co.Supreme Court of the United States · 1942
- Helvering v. Minnesota Tea Co.Supreme Court of the United States · 1935
- Helvering v. Cement Investors, Inc.Supreme Court of the United States · 1942
- Prairie Oil & Gas Co. v. MotterCourt of Appeals for the Tenth Circuit · 1933
- Bazley v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1946
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3Cited by22 opinions
- William Liddon v. Commissioner of Internal Revenue, Maria Prothro Liddon v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1956
- United States v. Adkins-Phelps, IncorporatedCourt of Appeals for the Eighth Circuit · 1968
- Capital Nat'l Bank v. CommissionerUnited States Tax Court · 1951
- Maine Steel, Inc. v. United StatesDistrict Court, D. Maine · 1959
- A. C. Burton & Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1951
17 more not listed; retrieve them via the Exa API.