A start-up company ("AVL") of which the taxpayer was the president issued shares to him in recognition of past services. Although at the time of the issue of the shares, there was an expectation that he would exchange those shares for shares of a corporation ("USX") that would be acquiring all the shares of AVL, with such shares of USX to be held in escrow, this did not represent a contractual restriction on his right to deal with AVL shares that affected their value.
Topics and taglines
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
332801
Extra import data
{
"field_legacy_header": "<strong><em>Lockart v. The Queen</em></strong>, 2008 DTC 3044, 2008 TCC 156",
"field_override_history": false,
"field_sid": "",
"field_topic_category": "seealso"
}
"field_legacy_header": "<strong><em>Lockart v. The Queen</em></strong>, 2008 DTC 3044, 2008 TCC 156",
"field_override_history": false,
"field_sid": "",
"field_topic_category": "seealso"
}