Corry v. Mayor and Council of Baltimore
Supreme Court of the United States
ERROR TO THE COURT OF APPEALS OP THE STATE OF MARYLAND. The sovereign that creates a corporation has the incidental right to impose reasonable regulations concerning the ownership of stock therein and it is not an unreasonable regulation to establish the situs of stock for purposes of taxation, at the principal office of the corporation whether owned by residents or non-residents, and to compel the corporation to pay the tax for the stockholders giving it a right of recovery…
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ERROR TO THE COURT OF APPEALS OP THE STATE OF MARYLAND. The sovereign that creates a corporation has the incidental right to impose reasonable regulations concerning the ownership of stock therein and it is not an unreasonable regulation to establish the situs of stock for purposes of taxation, at the principal office of the corporation whether owned by residents or non-residents, and to compel the corporation to pay the tax for the stockholders giving it a right of recovery therefor against the stockholders and a lien on the stock. Where valid according to the laws of the State such a…
1Opinion of the CourtJustice White
' The subjects and methods, of taxation of property within the State' of Maryland are regulated generally by article 81 of the Code of' Public General Laws of that State.'
■ A tay for state purposes and one for local purposes'is laid upon all property. In each-year the officers of domestic corporations are required to furnish information respecting the value of the shares of stock in-such corporations to the state tax commissioner, who determines the aggrégafe value thereof, deducts therefrom the assessed’value of the real-estate owned by the corporation, and .the quotient, obtained by…
2Cases cited12 opinions
- National Bank v. CommonwealthSupreme Court of the United States · 1870
- Tappan v. Merchants' National BankSupreme Court of the United States · 1874
- Whitman v. Oxford National BankSupreme Court of the United States · 1900
- Flash v. ConnSupreme Court of the United States · 1883
- Platt v. WilmotSupreme Court of the United States · 1904
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3Cited by68 opinions
- Panama Railroad v. JohnsonSupreme Court of the United States · 1924
- Miller Brothers Co. v. MarylandSupreme Court of the United States · 1954
- Curry v. McCanlessSupreme Court of the United States · 1939
- Hannis Distilling Co. v. Mayor and City Council of BaltimoreSupreme Court of the United States · 1910
- Burnet v. BrooksSupreme Court of the United States · 1933
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