MATTER OF MONARCH LIFE INS. CO. v. STATE TAX COMM'N


32 N.Y.2d 850 (1973)

In the Matter of Monarch Life Insurance Company, Appellant, v. State Tax Commission, Respondent.

Court of Appeals of the State of New York.

Decided May 30, 1973.


Attorney(s) appearing for the Case

John F. Forner, Jr., for appellant.

Louis J. Lefkowitz, Attorney-General (Thomas P. Zolezzi and Ruth Kessler Toch of counsel), for respondent.

Chief Judge FULD and Judges BURKE, BREITEL, JASEN, GABRIELLI, JONES and WACHTLER concur.


MEMORANDUM.

The order of the Appellate Division should be affirmed, with costs. The recording of change, through New York transfer agents, of ownership of investment shares of stock held in other corporations, following the merger of two Massachusetts corporations, was subject to the stock transfer tax (Tax Law, § 270, subd. 1; 20 NYCRR 440.1 [b]). True, it was held in Electric Bond & Share Co. v. State of New...

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