Kerfoot v. Farmers' and Merchants' Bank
Supreme Court of the United States
ERROR TO THE SUPREME COURT OF THE STATE OF MISSOURI. The facts, which involve the validity of a transfer of real estate to a national bank, are stated in the opinion. The national banking act is an enabling act, and a national bank cannot exercise any powers except those expressly- granted by that act or such incidental powérs as are necessary to carry on the business of banking. First Nat. Bank v. Converse, 200 U. S. 425; Central Tramp.
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ERROR TO THE SUPREME COURT OF THE STATE OF MISSOURI. The facts, which involve the validity of a transfer of real estate to a national bank, are stated in the opinion. The national banking act is an enabling act, and a national bank cannot exercise any powers except those expressly- granted by that act or such incidental powérs as are necessary to carry on the business of banking. First Nat. Bank v. Converse, 200 U. S. 425; Central Tramp. Co.,v. Pullman Car Co., 139 U. S. 24; California Nat. Bank v. Kennedy, 167 U. S. 363; First Nat. Bank v. Hawkins, 174 U. S. 363; Pacific R. R. Co. v. Seely,…
1Opinion of the CourtJustice Hughes
This action was brought in 1894, in the Circuit Court. of Grundy County, State of Missouri, to set aside a deed of real property made by James H. Kerfoot to the First National Bank of Trenton, Missouri, and also a deed by which that bank purported to convey the same property to the defendants Hervey Kerfoot, Alwilda Kerfoot and Lester R. Kerfoot, and for the recovery of possession. The plaintiffs in the action, which was brought shortly after the death of James H. Kerfoot, were Homer Hall, administrator of his estate, and Robert Earl Kerfoot, his infant grandson,. who claimed to be his only…
2Cases cited14 opinions
- National Bank v. MatthewsSupreme Court of the United States · 1879
- California Bank v. KennedySupreme Court of the United States · 1897
- Waters-Pierce Oil Co. v. Texas (No. 1)Supreme Court of the United States · 1909
- National Bank v. WhitneySupreme Court of the United States · 1881
- Fritts v. PalmerSupreme Court of the United States · 1889
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3Cited by56 opinions
- Hopkins Federal Savings & Loan Ass'n v. ClearySupreme Court of the United States · 1935
- Commercial State Bank of Roseville v. GidneyDistrict Court, District of Columbia · 1959
- Miedreich v. LauensteinSupreme Court of the United States · 1914
- Nebraska Power Co. v. KoenigNebraska Supreme Court · 1913
- Cleveland, Cincinnati, Chicago & St. Louis Railway Co. v. United StatesSupreme Court of the United States · 1928
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