UNIROYAL, INC. v. COLEMAN ET AL.

No. 202 C.D. 1974.

15 Pa.Commw. 596 (1974)

Uniroyal, Inc., Appellant, v. David C. Coleman, Jr., Commissioner of Records, Department of Records, City of Philadelphia, Commonwealth of Pennsylvania, and George S. Forde, Commissioner of Revenue, Department of Collections, City of Philadelphia, Commonwealth of Pennsylvania, Appellees.

Commonwealth Court of Pennsylvania.

December 10, 1974.


Attorney(s) appearing for the Case

Gordon W. Gerber, with him William A. Kelley, Jr., Gerald Vincent John and Dechert, Price & Rhoads, for appellant.

Albert J. Persichetti, Deputy City Solicitor, with him Leonard B. Rosenthal, Assistant City Solicitor, and Martin Weinberg, City Solicitor, for appellees.

Argued October 8, 1974, before Judges CRUMLISH, JR., WILKINSON, JR., MENCER, ROGERS and BLATT. President Judge BOWMAN and Judge KRAMER did not participate.


OPINION BY JUDGE MENCER, December 10, 1974:

On December 22, 1972, the Masland Duraleather Company, a Pennsylvania corporation (Masland), and its sole shareholder, Uniroyal, Inc., a New Jersey corporation (Uniroyal), adopted a plan of liquidation and dissolution of Masland. The plan provided that, in complete liquidation, as of the close of business on December 29, 1972, Masland would distribute all its assets, in cash and in kind, to Uniroyal.

Thereafter,...

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