Harlan F. Stone

“ For the reasons stated in our opinion in the Sanford case we conclude that the reserved power in the donor at the time of the creation of the trust rendered the gift incomplete and not subject to the gift tax. As pointed out in our opinion in the Sanford case the Treasury regulation under the 1932 Act, Art. III, Regulation 79 (1933 edition) , in force when the trust was created, affords no basis for modification of our construction of the statute. ”

“ Mr. Justice BUTLER took no part in the consideration or decision of this case.
Notes
This work is in the public domain in the United States because it is a work of the United States federal government (see 17 U.S.C. 105) . ”