West v. Tax Commission

On January 1, 1926, Walter A. West owned 1,080 shares of the stock of the Wisconsin Butter and Cheese Company, a Wisconsin corporation, of the par value *559of $100 per share. Its fair value on January 1, 1911, was $169,557. About January 19, 1926, this company sold all ' of its property and assets to the United Milk Products Company, a Delaware corporation. Shortly thereafter the Wisconsin Butter and Cheese Company proceeded to liquidate, in pursuance of which it made distributions of its property and assets to its stockholders. Between February 2, 1926, and March 23, 1926, Walter A. West…