Legal Opinion
Brotherhood Co-Op. Nat. Bank v. Hurlburt
District Court, D. Oregon
Decided June 18, 1928No. E-8911PublishedCited by 2 opinions
1Opinion of the Court
BEAN, District Judge.
This suit is brought by various national banks located in Portland to enjoin the tax collector of Multnomah county from collecting taxes levied against shares of stock in their banks as of March 1, 1926, on the ground that such taxes are in violation of section 5219 of the federal statute (12 USCA § 548).
The applicable law has been clearly established. National banks are agencies of the general government, and neither their property nor their shares of stock can be taxed by a state without the consent of Congress, and then only in conformity to such restrictions as it may…
2Cases cited7 opinions
- Sioux City Bridge Co. v. Dakota CountySupreme Court of the United States · 1923
- Des Moines National Bank v. FairweatherSupreme Court of the United States · 1923
- First Nat. Bank of Guthrie Center v. AndersonSupreme Court of the United States · 1926
- First National Bank of Hartford v. City of HartfordSupreme Court of the United States · 1927
- Minnesota v. First National Bank of St. PaulSupreme Court of the United States · 1927
2 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Boise City Nat. Bank v. Ada CountyDistrict Court, D. Idaho · 1930
- Boise City Nat. Bank v. Ada CountyDistrict Court, D. Idaho · 1931