In re the Estate of Lowell

Foley, S.

This appeal is taken by the executors from the order fixing the transfer tax on the ground (1) that the shares of stock of the Ray Estate Corporation were appraised in excess of their true market value, and (2) that bonds of the same corporation were improperly included among the assets. Decedent was a non-resident of this state and died January 17, 1922.(1) As to the first ground of appeal, the stock owned by her in the Ray Estate Corporation, organized in this state, was valued by the transfer tax appraiser at sixty-four dollars and fifty-five cents per share. Its assets consisted…