US LAWS, STATUTES and CODES : Chan Robles Virtual Law Library USA Supreme Court Decisions | Resolutions : Chan Robles Virtual Law Library

ChanRobles™ Virtual Law Library™ |™   
Main Index Repository of Laws, Statutes and Codes Latest Philippine Supreme Court Decisions Chan Robles Virtual Law Library Latest Legal Updates Philippine Legal Resources Significant Philippine Legal Resources Worldwide Legal Resources Philippine Supreme Court Decisions United States Legal Resources United States Supreme Court Jurisprudence ChanRobles LawTube - Social Network

ChanRobles Internet Bar Review : DebtKollect Company, Inc. - Debt Collection Firm Intellectual Property Division - Chan Robles Law Firm

Philippine Supreme Court DecisionsChanRobles On-Line Bar Review

google search for chanrobles.comSearch for

NEW YORK EX REL. WHITNEY V. GRAVES, 299 U. S. 366 (1937)

Subscribe to Cases that cite 299 U. S. 366 RSS feed for this section

U.S. Supreme Court

New York ex rel. Whitney v. Graves, 299 U.S. 366 (1937)

New York ex rel. Whitney v. Graves

No. 218

Argued December 18, 1936

Decided January 4, 1937

299 U.S. 366


1. An intangible property right may have a "business situs" in a State for tax purposes either because the right grows out of the actual transactions of a business there localized, or because its exercise is fixed there, exclusively or dominantly. P. 299 U. S. 371.

2. A nonresident of New York, owning a seat in the New York Stock Exchange, who, by its rules, is privileged personaily to buy and sell securities in the market it affords only by going upon the floor of the Exchange in New York, is taxable in New York upon the profits derived by him from the sale of a "right" in a new membership appurtenant to his old one, although he may have no office or abode in New York and may fill all the orders of his customers for purchase or sale of securities by sending the orders to New York for execution on the floor of the Exchange by fellow members. P. 299 U. S. 372.

271 N.Y. 594; 3 N.E. 2d 201; 271 N.Y. 618, 3 N.E. 2d 213, affirmed. chanroblesvirtualawlibrary

Page 299 U. S. 367

Appeal from the affirmance of a judgment, 246 App.Div. 652, 283 N.Y.S. 219, in a proceeding by certiorari, which sustained a tax assessed by the New York Tax Commission. chanroblesvirtualawlibrary

Page 299 U. S. 369

ChanRobles™ LawTube

google search for Search for

Supreme Court Decisions Philippine Supreme Court DecisionsUS Supreme Court Decisions



Browse By ->> Volume


Browse By ->> Year


  Copyright © ChanRobles Publishing Company | Disclaimer | E-mail Restrictions
ChanRobles™ Virtual Law Library |™