State Of Iowa Vs. Roosevelt (Nmn) Matlock

How courts have described this case

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

• holding that the allocation of the burden of proof was immaterial because the Court's conclusions were based on the preponderance of the evidence
• holding that a shareholder-employee’s personal relationships amounted to personal goodwill and thus were not properly considered to be corporate assets and explaining “[t]hose personal assets are entirely distinct from the intangible corporate asset of [enterprise] goodwill”
• \personal relationships of a shareholder-employee are not corporate assets when the employee has no employment contract with the corporation\
• Court accepted Commissioner's determination that taxpayer had no basis in stock where taxpayer failed to introduce evidence to establish basis in stock
• where family member operated as principal of family business without an employment agreement or noncompetition agreement, his oral agreement with customer and personal relationships were his own asset and not an asset of the business
• similar resolution concerning closeness of appraiser to his client

Source: CourtListener parenthetical corpus (CC0).