CHESTNUT SECURITIES CO. v. OKLAHOMA TAX COMMISSION

No. 2289.

125 F.2d 571 (1942)

CHESTNUT SECURITIES CO. v. OKLAHOMA TAX COMMISSION.

Circuit Court of Appeals, Tenth Circuit.

Writ of Certiorari Denied April 13, 1942.


Attorney(s) appearing for the Case

Richard B. McDermott, of Tulsa, Okl. (Charles A. Coakley and G. Ellis Gable, both of Tulsa, Okl., on the brief), for appellant.

F. M. Dudley, of Oklahoma City, Okl. (A. L. Herr and C. D. Stinchecum, both of Oklahoma City, Okl., on the brief), for appellee.

Before PHILLIPS, MURRAH, and WILLIAMS, Circuit Judges.


Writ of Certiorari Denied April 13, 1942. See 62 S.Ct. 1035, 86 L.Ed. ___.

MURRAH, Circuit Judge.

The State of Oklahoma assessed and collected the statutory tax on the income from certain intangible securities owned by the taxpayer, the Chestnut Securities Company, a Delaware corporation, licensed and doing business in the State of Oklahoma, for the taxable years 1936, 1937 and 1938. The intangible securities in question and the income therefrom have at all...

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