Guthrie v. Harkness
Supreme Court of the United States
ERROR TO THE SUPREME COURT OF THE STATE OF UTAH. The defendant in error was the owner of nearly one-fifth of the capital stock of the Commercial National Bank of Ogden, Utah. As such shareholder he applied for leave to inspect the books, accounts and loans of the bank, which was refused him.
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ERROR TO THE SUPREME COURT OF THE STATE OF UTAH. The defendant in error was the owner of nearly one-fifth of the capital stock of the Commercial National Bank of Ogden, Utah. As such shareholder he applied for leave to inspect the books, accounts and loans of the bank, which was refused him. He alleges the reasons for seeking such inspection to be that he might ascertain the value of his stock in the bank and whether the business affairs of the; same had been conducted according to law. He charges tnat loans had been made to patrons of the bank of more than one-tenth ¡of the capital stock in…
1Opinion of the CourtJustice Day
While the State has no power to enact legislation contravening the Federal law's for the control of national banks, Davis v. Savings Bank, 161 U. S. 275, Congress has provided that for actions against them at law or in equity they shall be deemed citizens of the State in which they are located, and that in such cases the Circuit and District Courts of the United States shall have such jurisdiction only as they would.have in cases between individual citizens of the same State. 25 Stat. 433. If the stockholders .had the legal right to enforce inspection there is no room to question the…
2Cases cited12 opinions
- Boyd's Lessee v. GravesSupreme Court of the United States · 1819
- Davis v. Elmira Savings BankSupreme Court of the United States · 1896
- Matter of SteinwayNew York Court of Appeals · 1899
- Pauly v. State Loan & Trust Co.Supreme Court of the United States · 1897
- Petri v. Commercial Nat. Bank of ChicagoSupreme Court of the United States · 1892
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- Bellis v. United StatesSupreme Court of the United States · 1974
- United States v. Bausch & Lomb Optical Co.Supreme Court of the United States · 1944
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