Court Opinion

ID: 9755866
Source: CourtListenerOpinion
Date Created: 2023-08-28 20:56:46.419094+00
Date Added: 2024-06-11T07:28:12.408916
License: Public Domain

Concussing Opinion by
Mb. Justice Jones:
I concur in the result on the ground that the disposition of this case is directly controlled by the ruling *480in Buist’s Estate, 297 Pa. 537, 147 A. 606, where it was held that shares of stock issued by a bank (created by merger) in exchange for the shares of the component banks in the merger did not constitute a distribution of earnings which called for an apportionment between a life tenant and remainderman.
However, I do not think that either King Estate, 349 Pa. 27, 36 A. 2d 504, or King Estate, 355 Pa. 64, 48 A. 2d 858 (cited in the majority opinion) is presently in point.