[Download] "Rowan Oil Company Et Al v. Texas Employment Commission Et Al." by Supreme Court of Texas # Book PDF Kindle ePub Free
eBook details
- Title: Rowan Oil Company Et Al v. Texas Employment Commission Et Al.
- Author : Supreme Court of Texas
- Release Date : January 17, 1953
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 79 KB
Description
Employment Commission under Art. 5221b, V.A.C.S. Because of limitations upon the charter powers of a corporation doing business in Texas, the Rowan Drilling Company was reorganized into Rowan Oil Co. and the Rowan Drilling Company, Inc. There seems to be no dispute that the two new companies will continue substantially the same operations as the old company conducted with the same employees doing the same jobs under the same ownership. The practical effect of the reorganization is to eliminate possible ultra vires acts. The Texas Employment Commission has fixed contribution rates for the new companies greater than the rate of the old Rowan Drilling Company because that body ruled that the new companies are not entitled under the law to the benefit of the experience rating of the old company.
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