Doheny v. County of Los Angeles

'Taxation—Shares of Stock in Domestic Corporation—Property Out op State—Cash Value of Shares Assessable.—For the reasons assigned in Cornfield v. County of Los Angeles,- (L. A. No. 2432,) ante, p. 617, holding that shares of stock in a domestic corporation whose property is situated outside of the state may be assessed at their cash value, without deduction on aeeount of such property, the judgments and orders from which the appeals in the foregoing cases were taken are affirmed.