Staunton Industrial L. Corp. v. Commissioner of Int. Rev.

How courts have described this case

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

• holding that one of the “chief functions” of a bank is “the receipt of deposits from the general public, repayable to the depositors on demand or at a fixed time”
• characterizing bank deposits as funds “repayable to the depositors on demand or at a fixed time”

Source: CourtListener parenthetical corpus (CC0).