Hardware Mutual Fire Insurance v. Stinson

197 S.E. 751, 214 N.C. 97, 1938 N.C. LEXIS 271

Opinion

Pee CmtiAM.

The question involved: In determining the amount of the 1937 ad valorem, taxes to be assessed and imposed by Mecklenburg County upon the taxable “solvent credits” of the Hardware Mutual Eire Insurance Company, is the Hardware Mutual Eire Insurance Company entitled to deduct from its otherwise taxable “solvent credits” the amount of its “unearned premiums” as of the tax return date ?

The Court being evenly divided in opinion, Seawell, J., not sitting, the judgment of the Superior Court is affirmed and stands as the decision of this action without becoming a precedent. Nebel v. Nebel, 201 N. C., 840; McMahan v. Basinger, 211 N. C., 747; Braswell v. Town of Wilson, 212 N. C., 833.

The judgment of the court below is

Affirmed.