Legal Opinion
Osburn California Corporation v. Welch
Court of Appeals for the Ninth Circuit
Decided March 24, 1930No. 5963PublishedCited by 19 opinions
1Opinion of the Court
RUDKIN, Circuit Judge.
In December, 1923, M. R. Osburn was the owner of 999 shares of the capital stock of the Dominguez Land Corporation, of the value of $199,700. On December 10 of that year the Osburn California Corporation was organized under the laws of the state of California, with an authorized capital of $200,-000, divided into 2,000 shares of the par valúe of $100 each. Upon the formation of the last-mentioned corporation it acquired and took over from Osburn the 999 shares of the capital stock of the Dominguez Corporation and issued to him in payment therefor 1,997 shares of its own…
2Cases cited4 opinions
- Nichols v. CoolidgeSupreme Court of the United States · 1927
- Blodgett v. HoldenSupreme Court of the United States · 1927
- Untermyer v. AndersonSupreme Court of the United States · 1928
- Newman, Saunders & Co. v. United StatesUnited States Court of Claims · 1929
3Cited by19 opinions
- Lodi Iron Works, Inc. v. CommissionerUnited States Tax Court · 1958
- American Compress & Warehouse Co. v. BenderCourt of Appeals for the Fifth Circuit · 1934
- White Packing Co. v. RobertsonCourt of Appeals for the Fourth Circuit · 1937
- TW Phillips, Jr., Inc. v. Commissioner of Int. Rev.Court of Appeals for the Third Circuit · 1933
- Angelus Building & Investment Co. v. Com'r of Int. Rev.Court of Appeals for the Ninth Circuit · 1932
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