The court is asked to determine the proper allocation as between principal and income of a stock dividend declared February 14, 1961, by the Home Insurance Company, at which time the said corporation transferred from earned surplus to capital an amount based on the par value of the stock multiplied by the number of shares being declared as dividend. This problem arises because the will is...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.