OMAHA NAT. BANK v. JENSEN

No. 33297.

58 N.W.2d 582 (1953)

157 Neb. 22

OMAHA NAT. BANK v. JENSEN, Treasurer of Douglas County.

Supreme Court of Nebraska.

May 15, 1953.


Attorney(s) appearing for the Case

Eugene F. Fitzgerald, Omaha, Clarence S. Beck, Atty. Gen., and Bert L. Overcash, Asst. Atty. Gen., for appellant.

Flansburg & Flansburg, Lincoln, Wells, Martin & Lane, Omaha, for appellee.

Before SIMMONS, C. J., and CARTER, MESSMORE, YEAGER, CHAPPELL, WENKE, and BOSLAUGH, JJ.


SIMMONS, Chief Justice.

This is an action in equity to enjoin the collection of a tax on intangibles. The intangibles are stocks in domesticated foreign corporations, held by plaintiff as executor.

The action presents the question as to whether the stocks are to be valued for taxation under the provisions of section 77-706, R.R.S.1943, relating to stocks "of corporations organized under the laws of this state" or under the provisions of section 77-722, R.R...

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