Legal Opinion
In re International Power Securities Corp.
District Court, D. New Jersey
Decided February 2, 1953No. 1602aPublishedCited by 2 opinions
1Opinion of the Court
SMITH, District Judge.
This is a corporate reorganization under Chapter X of the Bankruptcy Act as amended, 11 U.S.C.A. § 501 et seq. The matter is before the Court at this time on the objection of the trustee to the claim of the State of New Jersey for accrued interest on corporate franchise taxes for the years 1944 to 1952, inclusive; the liability of the trustee for the principal is not disputed.
a he business of the debtor was conducted by the trustee during the years in question, and he was therefore subject to the tax imposed by the Corporation Business Tax Act, R.S. 54:10A-1 et seq.,…
2Cases cited8 opinions
- City of New York v. SaperSupreme Court of the United States · 1949
- Michigan v. Michigan Trust Co.Supreme Court of the United States · 1932
- Boteler v. IngelsSupreme Court of the United States · 1939
- United States v. EdensCourt of Appeals for the Fourth Circuit · 1951
- Golden Gate Bridge & Highway District v. United StatesSupreme Court of the United States · 1942
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3Cited by2 opinions
- In Re Stack Steel & Supply Co.United States Bankruptcy Court, W.D. Washington · 1983
- In Re H & C EnterprisesUnited States Bankruptcy Court, D. Idaho · 1983