EXCELSIOR LIFE INS. CO. v. THOMAS

No. 786.

49 F.Supp. 90 (1943)

EXCELSIOR LIFE INS. CO. v. THOMAS, Collector of Internal Revenue.

District Court, N. D. Texas, Dallas Division.

February 26, 1943.


Attorney(s) appearing for the Case

Cofer & Cofer, of Austin, Tex., for complainant.

John A. Erhard, Asst. U. S. Atty., of Dallas, Tex., for defendant.


ATWELL, District Judge.

The Excelsior Mutual Benefit Association, an unincorporated accident and health insuring concern owned by H. Strickland, became financially involved and Strickland and four of his employees incorporated the Excelsior Life Insurance Company, complainant. The two concerns, if they may be called such, carried on business from the same quarters. The $25,000 capital stock subscribed in the corporation was paid by an interchange of notes between...

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