GILLILAND OIL COMPANY
v.
STATE OF ARKANSAS EX REL. H. W. APPLEGATE, ATTORNEY GENERAL

U.S. | 1927-05-02
274 U.S. 717 Supreme Court of the United States (1927) Positive Treatment
Cited by 1 case

Per_curiam
Per Curiam.

Per Curiam.

Affirmed on the authority of Roberts & Schaefer Co. v. Emmerson, 271 U. S. 50; St. Louis Southwestern Ry. Co. v. Arkansas, 235 U. S. 350; Harris v. Bell, 254 U. S. 103.


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  • …n-par stock valued, as required by the statute, at $25 per share, and apportioned to the property and business of the corporation within the state. Margay Oil Corporations. Applegate, 273 U. S. 666; aff’g 167 Ark. 614; Gilliland Oil Co. v. Arkansas, 274 U. S. 717, aff’g 171 Ark. 415. The kind and number of shares with which a foreign corporation is permitted to carry on its business within the state is a part of the privilege which the state extends to it and is a proper element to be taken into account in…

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