Mr. Justice Brack delivered the opinion of the Court. Respondent corporation, because of a previously existing deficit, was prohibited by state law 1 from distributing *48 as dividends its profits earned in 1936. Notwith…
Read the full opinion (source) ↗
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Citation figures are counts of later citing opinions in our corpus and may be incomplete; always read and Shepardize the full opinion before relying on it.