Commonwealth v. Passell

422 Pa. 473 (1966)

Commonwealth

v.

Passell, Appellant.

Supreme Court of Pennsylvania.

Argued May 24, 1966.

September 27, 1966.

Before BELL, C.J., MUSMANNO, JONES, EAGEN, O'BRIEN and ROBERTS, JJ.

Harry J. Rubin, with him Krekstein and Rubin, for appellants.

Eugene J. Anastasio, Deputy Attorney General, with him Walter E. Alessandroni, Attorney General, for Commonwealth, appellee.

OPINION BY MR. JUSTICE JONES, September 27, 1966:

This appeal presents a narrow issue: is the transfer of real estate from a corporation to its sole stockholders, pursuant to a plan envisioning a complete liquidation of the…