120 P. 241 | Mont. | 1911
delivered the opinion of the court.
The plaintiff is a corporation organized and existing under and by virtue of the laws of this state, having an authorized
The only question involved is whether-the authorized capital
Judge Cooley, in his work on Taxation, second edition, volume 1, page 26, said: “Shares of a corporation are also the shares of the stockholder, wherever he may have his domicile, and if taxed to him as his personal estate are properly taxable by the jurisdiction to which his person is subject, whether the corporation be foreign or domestic. But the state * * * may, and sometimes does, provide that the shares of stockholders shall be taxed at the place of corporate business, and the tax be paid by the corporation for all its members. ’ ’ Since the plaintiff corporation is not the owner of any of its own stock, and the state has not required it to pay the taxes of its stockholders, it follows that the judgment of the district court was correct, and should be affirmed. It is so ordered.
Affirmed.