Walters v. Brooks

How courts have described this case

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

• “It is recognized that a corporation does not lose its exempt status . . . merely because it has a net income or makes a profit or charges fees for its services. The destination of the income, and not the source of the income, determines the exemption.” (quotation omitted)

Source: CourtListener parenthetical corpus (CC0).