Aqualane Shores, Inc. v. Commissioner of Internal Revenue

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating that an equity investment is subject to the risks, but entitled to share in the profits of the venture
• shareholder's credit \sale\ of land to real estate development corporation held to constitute equity contribution
• shareholder’s credit “sale” of land to real estate development corporation held to constitute equity contribution
• capital contribution where ”[t]he obligations were a participation in the pot luck of the enterprise”
• thin capitalization indicative of capital contribution where extremely unlikely that shareholders would be repaid

Source: CourtListener parenthetical corpus (CC0).