Lawton Blalock v. State

How courts have described this case

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

• finding that an economic benefit is a constructive dividend when the corporation provides it to a shareholder “with no expectation of reimbursement”
• “The crucial test of the existence of a constructive dividend is whether ‘the distribution was primarily for the benefit of the shareholder.’”
• “The crucial test of the existence of a constructive dividend is whether ‘the distribution was primarily for the benefit of the shareholder.’”
• “A taxpayer who is a shareholder has been held to have received a constructive dividend when he receives an economic benefit through a diversion of corporate earnings and profits”
• “Where a corporation confers an economic benefit on a shareholder without the expectation of repayment, that benefit becomes a constructive dividend, taxable to the shareholder, even though neither the corporation nor the shareholder intended a dividend.”
• “Where a corporation confers an economic benefit on a shareholder without the expectation of repayment, that benefit becomes a constructive dividend, taxable to the shareholder, even though neither the corporation nor the shareholder intended a dividend.”

Source: CourtListener parenthetical corpus (CC0).