Skip to Highlights
Highlights

Harris: Enclosed is a copy of my letter of today's date to the Commissioner. Was finalized by the Commission on June 29. The record shows that the Vanderbilt Chemical Manufacturing Corporation was dissolved by proclamation of the State of New York published on December 16. Section 203a provides in part for the dissolution of corporations which are delinquent in the payment of taxes. 22 U.S.C. 1626(e)(2) charges the Comptroller General of the United States with the responsibility for determining the person or persons who are entitled to receive awards made by the Foreign Claims Settlement Commission in cases where a recipient corporation has been terminated. These persons are authorized to endorse all checks payable to the Corporation.

View Decision

B-143052 February 1, 1965

Mr. Malcolm H. Harris Attorney-at-Law Marcus, Rabwin and Neash 6380 Wilshire Boulevard Suite 800 Los Angeles, California 90048

Dear Mr. Harris:

Enclosed is a copy of my letter of today's date to the Commissioner, Bureau of Accounts, Treasury Department, concerning the Foreign Claims Settlement Commission award to the Vanderbilt Chemical Manufacturing Corporation. Any further correspondence concerning the issuance of the checks in question should be directed to that official.

Sincerely yours,

Joseph Campbell Controller General of the United States

Enclosure

Mr. Harold R. Gearhart, Commission Bureau of Accounts Treasury Department

Dear Mr. Gearhart:

By letter dated April 19, 1960, the Chief, Investments Branch, submitted for my determination the proper persons to receive an award made by the Foreign Claims Settlement Commission. This award, captioned VANDERBILT CHEMICAL MANUFACTURING CORPN. 1038 South Alvarado Street, Los Angeles 6, California, Claim No. SOV-42, 531, Decision No. SOV-3080, was finalized by the Commission on June 29, 1959.

The record shows that the Vanderbilt Chemical Manufacturing Corporation was dissolved by proclamation of the State of New York published on December 16, 1929, pursuant to section 203-a of the Tax Law of New York. Section 203a provides in part for the dissolution of corporations which are delinquent in the payment of taxes. Subsection 7(c)(2) of the International Claims Settlement Act of 1949, as amended, 22 U.S.C. 1626(e)(2) charges the Comptroller General of the United States with the responsibility for determining the person or persons who are entitled to receive awards made by the Foreign Claims Settlement Commission in cases where a recipient corporation has been terminated.

On the basis of documents now before me I find that Malcolm H. Harris has been named President and Marion Bailey Stephenson has been named Treasurer of the Vanderbilt Chemical Manufacturing Corporation and that, in their respective capacities, these persons are authorized to endorse all checks payable to the Corporation.

Therefore, pursuant to the law codified at 22 U.S.C. 1626(c)(2), I find that Malcolm H. Harris as President and Marion Bailey Stephenson as Treasurer, are the appropriate persons to receive the award made to the Vandberbilt Chemical Manufacturing Corporation and that check or checks in the proper amount should be made payable to:

Malcolm H. Harris, President, and Marion Bailey Stephenson, Treasurer, Vanderbilt Chemical Manufacturing Corporation".

We have been advised that the check or checks in question would be mailed to the Marine Midland Truat Company of Central New Your, 35 South First Street, Fulton, New York.

Inasmuch as the recipient corporation was dissolved pursuant to New York Law because of delinquent taxes, it is assumed that you will consider the advisability of notifying the Attorney-General and the Tax Commission of the State of New York of the checks in issuance. Similarly, it is assumed that such consideration will be given to notifying the proper official of the Internal Revenue Service of the United States. The attachments sent with your Bureau's letter of April 19, 1960, are returned as requested. A copy of this letter is being mailed to Mr. Malcolm H. Harris, 6380 Wilshire Boulevard, Suite 800, Los Angeles, California 90048.

Sincerely yours,

Joseph Campbell Comptroller General of the United States

Enclosures

Director, Claims Division

Your attention is directed to my decision of today's date to the Commissioner, Bureau of Accounts, Treasury Department, which concerns the Foreign Claims Settlement Commission award to the Vanderbilt Chemical Manufacturing Corporation.

Joseph Campbell Comptroller General of the United States

Attachment

GAO Contacts