BANCORPORATION v. KORZEN

No. 60185.

29 Ill. App.3d 526 (1975)

331 N.E.2d 159

BANCORPORATION et al., Plaintiffs-Appellants, v. BERNARD J. KORZEN, County Treasurer and County Collector for Cook County, et al., Defendants-Appellees.

Appellate Court of Illinois — First District (5th Division).

May 23, 1975.


Attorney(s) appearing for the Case

William P. Colson, of Chicago (William J. Harte, Ltd. and Kevin M. Forde, Ltd., of counsel), for appellants.

Bernard Carey, State's Attorney, of Chicago (Sheldon Gardner and Paul P. Biebel, Jr., Assistant State's Attorneys, of counsel), for appellees.


Reversed and remanded.

Mr. JUSTICE LORENZ delivered the opinion of the court:

Plaintiffs appeal from an order vacating a preliminary injunction and granting summary judgment in favor of defendants. They contend that the trial court erred in holding that the imposition of personal property tax on their shares of bank stock was authorized by the Illinois Revenue Act.

Plaintiffs are six corporations owning shares of capital stock in Illinois banks and...

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