Hardware Mutual Fire Insurance v. Stinson
This text of 197 S.E. 751 (Hardware Mutual Fire Insurance v. Stinson) is published on Counsel Stack Legal Research, covering Supreme Court of North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
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.
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Cite This Page — Counsel Stack
197 S.E. 751, 214 N.C. 97, 1938 N.C. LEXIS 271, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hardware-mutual-fire-insurance-v-stinson-nc-1938.