Legal Opinion
Massman Construction Co. v. Director of Revenue
Supreme Court of Missouri
Decided February 14, 1989No. 70636PublishedCited by 11 opinions
1Opinion of the Court
BLACKMAR, Judge.
The appellant taxpayer, Massman Construction Company, is so fortunate as to regularly have large balances in its checking accounts for which it has no immediate need. It understandably wants to obtain the best available return on these sums, even though its needs may preclude durable commitments. During the year 1981 it entered into arrangements with two of its depository banks, Commerce Bank of Kansas City N.A. and Security National Bank of Kansas City, Kansas, by means of which it would receive the interest derived from government bonds then owned by the banks. On every…
2Cases cited11 opinions
- Union Planters National Bank of Memphis v. United StatesCourt of Appeals for the Sixth Circuit · 1970
- American National Bank of Austin v. United StatesCourt of Appeals for the Fifth Circuit · 1970
- Matter of Bevill, Bresler & Schulman AssetDistrict Court, D. New Jersey · 1986
- Citizens National Bank of Waco v. United StatesUnited States Court of Claims · 1977
- First American National Bank of Nashville v. United StatesCourt of Appeals for the First Circuit · 1972
6 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Martin v. Mid-America Farm Lines, Inc.Supreme Court of Missouri · 1989
- Nebraska Department of Revenue v. LoewensteinSupreme Court of the United States · 1994
- Comptroller of the Treasury, Income Tax Division v. First United Bank & TrustCourt of Appeals of Maryland · 1990
- Hammond Lead Products, Inc. v. STATE OF INDIANA TAX COM'RSIndiana Tax Court · 1990
- H.J. Heinz Co. v. Department of TreasuryMichigan Court of Appeals · 1992
6 more not listed; retrieve them via the Exa API.