Gerard v. Duncan

Citations

• 84 Miss. 731

Syllabus

<p>1. Taxation. Insolment bank. Assignment. Duty of assignee. Code 1892, l 3755.</p> <p>Under Code 1892, § 3755, providing tnat every taxpayer, when requested, shall make out and deliver to the assessor a true list of his taxable personal property, held in his own right or as trustee or otherwise, on February 1st preceding, the notes and solvent credits of an insolvent bank, passed to an assignee by a general assignment before February 1st in any year, are taxable in the hands of the assignee and he should render them to the assessor.</p> <p>2. Same. Double taxation.</p> <p>The fact that the creditors of an insolvent bank, whose solvent credits are taxed in the hands of an assignee, have the debts due them from the bank assessed against them does not constitute double taxation.</p>