ESTATE OF COOPER v. COMMISSIONER

Docket Nos. 82510, 83014, 88029.

20 T.C.M. 774 (1961)

T.C. Memo. 1961-154

Estate of Irving B. Cooper, deceased, Sarah C. Masterton, Executrix, and Sarah C. Masterton, formerly Sarah M. Cooper, surviving spouse v. Commissioner. Sarah C. Masterton v. Commissioner. Paterson Vehicle Company v. Commissioner.

United States Tax Court.

Filed May 29, 1961.


Attorney(s) appearing for the Case

Sydney I. Turtz, Esq., for the petitioners in Docket Nos. 82510 and 83014. Theodore Tannenwald, Jr., Esq., for the petitioner in Docket No. 88029. John J. Hopkins, Esq., for the respondent.


Memorandum Opinion

RAUM, Judge:

Irving B. Cooper was one of four brothers each of whom owned approximately 25 percent of the outstanding stock in petitioner Paterson Vehicle Company, a New Jersey corporation. He died on March 21, 1954, and his widow, who subsequently remarried, is petitioner in two of these three consolidated cases. Four days after Irving's death, the board of directors of the corporation unanimously adopted the following resolution:

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