Home Insurance & Trust Co. v. Tennessee Ex Rel. Memphis

Citations

• 161 U.S. 198
• 16 S. Ct. 476
• 40 L. Ed. 669
• 1896 U.S. LEXIS 2153

Syllabus

<p>The charter of the Memphis Life and General Insurance Company contained a provision “ that there shall be a state tax of one half of one per cent upon the amount of the capital actually paid in.” The charter of'the Home Insurance and Trust Company authorized that company to “organize with all the forms, officers, terms, powers, rights, reservations, restrictions and liabilities gi'ven to and imposed upon the Memphis Life and General Insurance Company.” Held, that the Home Company wa6 not subject to the provision respecting taxation in the charter of the Memphis Life Company.</p>