Summary
In State ex rel. v. Lesser, 237 Mo. 310, it was held, notwithstanding the statute, that shares of stock in a foreign company owned by a resident of this State were not taxable in this State. It was because all the property represented by the shares was in the State where the corporation was located and was taxed there. That is in accordance with the statutes and policy of this State where the property of a business corporation is taxed to the corporation and the shares are not taxed.
Summary of this case from State ex Rel. Am. Automobile Ins. Co. v. GehnerOpinion
January Term 1954.
Dismissed without opinion.