Court of Appeals for the Sixth Circuit September 3, 1981, 79-1231, 79-1232 (Appeal of George R. Laure and Esther L. Laure. W-L Molding Company v. Commissioner of Internal Revenue)

ENGEL, Circuit Judge.

Taxpayers appeal a decision of the Tax Court reported at 70 T.C. 1087 (1978). W-L

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Molding Company (W-L) appeals the Tax Court’s decision that its merger with Lakala Aviation, Inc. (Lakala), with which it stood in a brother-sister corporation relationship was not a valid reorganization under I.R.C.