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Phillips-Jones Corp. v. Parmley, 302 U.S. 233 (1937)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Phillips-Jones Corp. v. Parmley, 302 U.S. 233 (1937)
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Phillips-Jones Corp. v. Parmley No. 45 Argued November 19, 1937 Decided December 6, 1937 302 U.S. 233
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE THIRD CIRCUIT
1. A stockholder who has received his pro rata share of the corporate assets upon dissolution of the corporation and has been compelled by assessment under § 280(a)(1) of the Revenue Act of 1926 to pay the whole of income and profits taxes owed by the corporation, is entitled to contribution from his co-stockholders who have not been assessed for the taxes, and may maintain a bill therefor. P. 235.
2. The liability of the co-stockholders to contribute arises under the general law; it is not dependent upon the making of an assessment against them under § 280. P. 236.
88 F.2d 958 reversed.
Certiorari, 301 U.S. 680, to review a judgment affirming a decree dismissing a bill for contribution.
Contents:
Chicago:
U.S. Supreme Court, "Syllabus," Phillips-Jones Corp. v. Parmley, 302 U.S. 233 (1937) in 302 U.S. 233 302 U.S. 234. Original Sources, accessed July 1, 2025, http://www.originalsources.com/Document.aspx?DocID=DFBSNK6V86H316Y.
MLA:
U.S. Supreme Court. "Syllabus." Phillips-Jones Corp. v. Parmley, 302 U.S. 233 (1937), in 302 U.S. 233, page 302 U.S. 234. Original Sources. 1 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=DFBSNK6V86H316Y.
Harvard:
U.S. Supreme Court, 'Syllabus' in Phillips-Jones Corp. v. Parmley, 302 U.S. 233 (1937). cited in 1937, 302 U.S. 233, pp.302 U.S. 234. Original Sources, retrieved 1 July 2025, from http://www.originalsources.com/Document.aspx?DocID=DFBSNK6V86H316Y.
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