COMMISSIONER OF INTERNAL REVENUE v. NICHOLS & COX L. CO.

No. 6288.

65 F.2d 1009 (1933)

COMMISSIONER OF INTERNAL REVENUE v. NICHOLS & COX LUMBER CO.

Circuit Court of Appeals, Sixth Circuit.

June 29, 1933.


Attorney(s) appearing for the Case

Francis H. Horan, of New York City (G. A. Youngquist, Sewall Key, C. M. Charest, and Byron M. Coon, all of Washington, D. C., on the brief), for petitioner.

J. S. Seidman, of New York City, for respondent.

Before MOORMAN, HICKS, and HICKENLOOPER, Circuit Judges.


PER CURIAM.

As of December 28, 1922, the "Nichols & Cox Lumber Co." was reorganized under the laws of the same state but with the name of "Nichols & Cox Lumber Company." For their stock in the old company the stockholders were given the same proportionate share of preferred and common stock in the new company. The new company succeeded to all the business and assets of the old company and the latter was thereupon dissolved. However, the business was...

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