McCOMB, J.
The State Controller has appealed from an order upholding the executor's objections to the valuation placed upon United States treasury bonds by the California inheritance tax appraiser.
Facts: The decedent owned United States treasury bonds with a total par value of $2,200,000. On the date of her death, these bonds were worth in the over-the-counter market $1,872,185.63.
The federal government, through the Internal Revenue Code or...
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