MARSH v. PECK

No. 33844.

162 Ohio St. 11 (1954)

MARSH, SR., APPELLEE, v. PECK, TAX COMMR., APPELLANT.

Supreme Court of Ohio.

Decided June 16, 1954.


Attorney(s) appearing for the Case

Messrs. Black, McCuskey, Souers & Arbaugh, for appellee.

Mr. C. William O'Neill, attorney general, and Mr. W. E. Herron, for appellant.


HART, J.

The issue to be determined is: Where a corporation, at the close of a calendar year, splits its common stock, whereby the number of shares held by each shareholder is proportionally increased without payment of consideration for such additional shares, is a shareholder who is a resident of Ohio required, under the intangible tax law of Ohio, to return as of January 1 for that year the total number of shares of...

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