Gonzolus Creek Oil Co. v. Commissioner
United States Board of Tax Appeals
Where a Texas corporation is dissolved and by reason of such dissolution its assets and transferred to those composing its board of directors, as trustees for the creditors and stockholders of the corporation, and where such trustees enter into no new operations, held, that the trustees neither by themselves nor in connection with the stockholders of the dissolved corporation constitute an association within the meaning of the Revenue Acts of 1918 and 1921.
1Opinion of the Court
TRUSTEES FOR THE CREDITORS AND STOCKHOLDERS OF GONZOLUS CREEK OIL CO. (DISSOLVED), PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Gonzolus Creek Oil Co. v. Commissioner
Docket No. 13393.
United States Board of Tax Appeals
12 B.T.A. 310; 1928 BTA LEXIS 3569;
June 1, 1928, Promulgated
Where a Texas corporation is dissolved and by reason of such dissolution its assets and transferred to those composing its board of directors, as trustees for the creditors and stockholders of the corporation, and where such trustees enter into no new operations, held, that the trustees neither by…
2Cases cited11 opinions
- Flint v. Stone Tracy Co.Supreme Court of the United States · 1911
- Hecht v. MalleySupreme Court of the United States · 1924
- Von Baumbach v. Sargent Land Co.Supreme Court of the United States · 1917
- Crocker v. MalleySupreme Court of the United States · 1919
- Edwards v. Chile Copper Co.Supreme Court of the United States · 1926
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