Ladd v. Gilson

Citations

• 26 Wash. 79
• 66 P. 126
• 1901 Wash. LEXIS 609

Syllabus

<p>■TAXATION — ASSESSMENT OF BANK STOCK-INCREASE BY BOARD .OF EQUALIZATION-NECESSITY OF NOTICE TO STOCKHOLDERS.</p> <p>Notice from the board of equalization to a shareholder of the capital stock of a bank of a proposed raise in the value of his assessment is not necessary, since notice to the bank is sufficient for that purpose, under the provisions of Bal. Code, §§ 1677-1680, which constitute the bank the general agent of the shareholder.</p> <p>■SAME.</p> <p>Where a bank appears before the board of equalization, pursuant to a notice requesting it to “show cause, if any, why your .personal assessment for the year 1900 should not be raised,” and, without any objection to the form of the notice, is fully heard ■upon the subject of an increase in the valuation of the shares of its capital stock, none of its shareholders can complain that the notice given was not notice of an intention to raise the valuation upon the shares °of stock of the bank.</p>