Clifton City Bank v. Commissioner
United States Board of Tax Appeals
The taking of possession by the Bank Commissioner of the State of Missouri of a state bank therein for the purpose of liquidation on account of insolvency of the bank is such a receivership as will deprive the Board of jurisdiction of a proceeding brought before it subsequent to the said action of the Bank Commissioner. Section 282(a) of the Revenue Act of 1926.
1Opinion of the Court
CLIFTON CITY BANK, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Clifton City Bank v. Commissioner
Docket No. 18491.
United States Board of Tax Appeals
6 B.T.A. 643; 1927 BTA LEXIS 3452;
March 28, 1927, Promulgated
The taking of possession by the Bank Commissioner of the State of Missouri of a state bank therein for the purpose of liquidation on account of insolvency of the bank is such a receivership as will deprive the Board of jurisdiction of a proceeding brought before it subsequent to the said action of the Bank Commissioner. Section 282(a) of the Revenue Act of 1926.
Albert S.…
2Cases cited17 opinions
- In Re ChetwoodSupreme Court of the United States · 1897
- Bushnell v. LelandSupreme Court of the United States · 1897
- State Savings & Commercial Bank v. AndersonCalifornia Supreme Court · 1913
- In Re the Matter of the Examination of the Union BankNew York Court of Appeals · 1912
- Bennett v. GreenSupreme Court of Georgia · 1923
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