MICHIGAN NAT'L BANK v. REV. DEPT.

Docket No. 27, Calendar No. 48,138.

358 Mich. 611 (1960)

101 N.W.2d 245

MICHIGAN NATIONAL BANK v. DEPARTMENT OF REVENUE.

Supreme Court of Michigan.

Decided February 25, 1960.


Attorney(s) appearing for the Case

Butzel, Eaman, Long, Gust & Kennedy (Thomas G. Long, Victor W. Klein, Philip T. Van Zile II, and Harold A. Ruemenapp, of counsel), for plaintiff.

Paul L. Adams, Attorney General, Samuel J. Torina, Solicitor General, T. Carl Holbrook, William D. Dexter, Maurice Barbour and Richard R. Roesch, Assistants Attorney General, for defendants.


KELLY, J.

Plaintiff's action to recover a 1952 deficiency intangibles tax assessment in the amount of $49,929.27 resulted in judgment of no cause of action.

This appeal presents the question of whether CLS 1956, § 205.132a (Stat Ann 1957 Cum Supp § 7.556 [2a]), imposing a tax on bank shares, is invalid because it violates section 5219 of the Revised Statutes of the United States (12 USCA, § 548).<...

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