Minersville Progressive Building and Loan Ass'n. Case

Opinion by

Me. Justice Drew,

This appeal by the Liquidating Trustees of The Minersville Progressive Building and Loan Association is from an order of the Court of Common Pleas of Schuylkill County, dismissing their appeal from the decision of the Department of Revenue of this Commonwealth denying their petition for a reassessment of the State personal property tax for the year 1940.

The sole question here presented for consideration is whether or not the assets in the possession of liquidating trustees of a building and loan association undergoing voluntary dissolution are subject to the tax…