Case Name: Appeal of FORT CUMBERLAND HOTEL CO.
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-05-26
Citations: 1 B.T.A. 1256
Docket Number: Docket No. 2067
Parties: Appeal of FORT CUMBERLAND HOTEL CO.
Judges: Before SteRNhagen, TRammell, Phillips, and Love.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 1
Pages: 1256–1258

Head Matter:
Appeal of FORT CUMBERLAND HOTEL CO.
Docket No. 2067.
Submitted April 13, 1925;
decided May 26, 1925.
Edward P. Leeds, G. P. A., for the taxpayer.
Percy 8. Grewe, Esq., for the Commissioner.
Before SteRNhagen, TRammell, Phillips, and Love.

Opinion:
OPINION.
Love:
There is no evidence in the record which controverts the written statement of H. B. Mabson that he had bought the stock of the Hotel Windsor Operating Company; or that the certificates for such stock were made to him and endorsed by him in blank; or the affidavit made by him that he owned all of said stock.
In the absence of evidence to the contrary, the legal presumption is that the record owner of corporation stock is the owner of and con-i',rols the same.