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NATIONAL SAVINGS & TRUST CO. v. SHUTACK

No. 8440.

139 F.2d 371 (1943)

NATIONAL SAVINGS & TRUST CO. et al. v. SHUTACK et al.

United States Court of Appeals. District of Columbia.

Decided December 6, 1943.

Attorney(s) appearing for the Case

Mr. W. C. Sullivan, of Washington, D. C., for appellants.

Mr. George C. Gertman, of Washington, D. C., for infant appellees.

Before GRONER, Chief Justice, and MILLER and EDGERTON, Associate Justices.

MILLER, Associate Justice.

In this case appellants, who are trustees under a deed in trust of the capital stock of J. S. Tyree, Chemist, Incorporated, filed their petition in the District Court, for instructions as to the conversion of part of the capital stock of the corporation into debenture bonds for the purpose of effecting income tax savings. The court denied the petition1 without making any finding to support its action or assigning...

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