McArdle Estate [No. 2] v. MNR, 62 DTC 402 (TAB)

Case tabs

Summaries

Summary Under

repurchase and re-allotment of shares was not a redemption

The president (McArdle) of a private company had been issued “employee redeemable shares,” whose terms provided that they participated on a...

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Words and Phrases

Summary Under

mistaken nomenclature ignored if inconsistent with governing intention

After finding that a transaction was in substance a re-allotment of shares rather than their redemption notwithstanding that a resolution referred...

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