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Business Organizations Law

Washington Law Review

1967

Articles 1 - 4 of 4

Full-Text Articles in Law

The Financial Provisions Of The New Washingon Business Corporation Act, Part Iii, Richard O. Kummert Dec 1967

The Financial Provisions Of The New Washingon Business Corporation Act, Part Iii, Richard O. Kummert

Washington Law Review

No abstract provided.


The Financial Provisions Of The New Washingon Business Corporation Act, Part Iii, Richard O. Kummert Dec 1967

The Financial Provisions Of The New Washingon Business Corporation Act, Part Iii, Richard O. Kummert

Washington Law Review

No abstract provided.


Income Tax Allocations And Dividends Under The Model Business Corporation Act, Michael D. O'Keefe Jun 1967

Income Tax Allocations And Dividends Under The Model Business Corporation Act, Michael D. O'Keefe

Washington Law Review

Modern dividend statutes, as exemplified by the Model Business Corporation Act, have incorporated many accounting terms. For aid in the complex process of construing such statutes, the courts and commentators have turned to generally accepted accounting principles. Although accounting principles may be helpful in statutory interpretation, they are not determinative. The accounting attitude toward a transaction must still be correlated with the dividend policies inherent in the statute.


Income Tax Allocations And Dividends Under The Model Business Corporation Act, Michael D. O'Keefe Jun 1967

Income Tax Allocations And Dividends Under The Model Business Corporation Act, Michael D. O'Keefe

Washington Law Review

Modern dividend statutes, as exemplified by the Model Business Corporation Act, have incorporated many accounting terms. For aid in the complex process of construing such statutes, the courts and commentators have turned to generally accepted accounting principles. Although accounting principles may be helpful in statutory interpretation, they are not determinative. The accounting attitude toward a transaction must still be correlated with the dividend policies inherent in the statute.