Domestic Savings and you may Loan Organization v. United states, 223 F. Supp. 134 (S.D. Cal. 1963)
Francis C. Whelan, You. S. Atty., getting South Dist. out-of Ca, of the Faithful Elizabeth. Keir, Asst. You. S. Atty., Chief, Income tax Section, La, Cal., getting defendant.
Afterwards, to the April 19, 1957, Hollywood matched on House. The corporate existence off Movie industry ended personal loans for bad credit Pennsylvania but their entire team is went on instead disturbance while the a part of plaintiff organization, Family.
All proceeding requirements was complied which have from the Plaintiff. So it Legal has legislation by the virtue off twenty-eight U.S.C. 1346(a) (1) and you will 1402(a) (1), and you will 26 U.S.C. 7422. The amount of money tax, or no, is that regarding Hollywood, but House might be liable since transferee and has now paid back like income tax since transferee.
Webster, ordered all a fantastic guarantee stock from Movie industry Coupons and you may Mortgage Organization (hereinafter referred to as „Hollywood“)
You to definitely top procedure and several additional circumstances was showed by pleadings, however, a choice on the primary point dumps the truth in entirety.