Legal Opinion
People Ex Rel. Franchise Tax Board v. Credit Managers Ass'n
California Court of Appeal
Decided December 29, 1977No. Civ. 51042PublishedCited by 4 opinions
1Opinion of the Court
Opinion
COBEY, Acting P. J.
Plaintiff, State Franchise Tax Board (hereafter Board), appeals from a. judgment, following trial to the court, denying priority under Revenue and Taxation Code section 26312, subdivision (a), 1 to its tax claim as against defendant, Credit Managers Association of Southern California (hereafter CMA), with respect to the proceeds of certain assets assigned to CMA by the taxpayer, Cryo-Sonics, Inc., a California corporation. The Board’s claim was for more than $17,980.03 in unpaid corporate taxes, penalties and interest owed by the taxpayer.
The Board contends that the…
2Cases cited5 opinions
- People v. MedinaCalifornia Supreme Court · 1972
- Komas v. Future Systems, Inc.California Court of Appeal · 1977
- Durkin v. DurkinCalifornia Court of Appeal · 1955
- A. S. Schulman Electric Co. v. State Board of EqualizationCalifornia Court of Appeal · 1975
- People v. BiscailuzCalifornia Court of Appeal · 1950
3Cited by4 opinions
- Farmers & Merchants National Bank v. SchlossbergCourt of Appeals of Maryland · 1986
- In Re Coupon Clearing Service, Inc.Court of Appeals for the Ninth Circuit · 1997
- Foothill Capital Corp. v. Clare's Food Market, Inc.Court of Appeals for the Ninth Circuit · 1997
- Transcontinental Oil Corporation, Trecon Oil Co. Ltd. And B. Edwin Sackett, Individually and as Nominee, and Cross-Appellants v. Trenton Products Company, Bernard Fein, Herzfeld & Stern, Loeb, Rhoades & Co., Gerstley, Sunstein & Company, A. Arthur Weiss, Louis C. Fieland and Theresa Zappley, Trenton Products Company and Bernard Fein, and Cross-Appellees. Trenton Products Company and Bernard Fein, and Third-Party and Cross-Appellees v. Phillip P. Goodkin, Louis Goodkin, Michael A. Roberts, David Frankel, James E. Davis, Paul A. Rossborough, J. Streicher & Company, Harry B. Leslie, Bertram F. Fagenson, Edwin B. Sackett and Fagenson and Frankel Company Incorporated, Additional on CounterclaimCourt of Appeals for the Second Circuit · 1977